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I

I Wear Pants

Senior Member

16,223 posts
Sep 20, 2011 4:12 PM
Belly35;904654 wrote:Wife and I were expecting our first kid so we bought a Van 6000.00 ...gone three weeks later and one week before my daughter was born. Never found the van…


Business partner embezzled 250,000 and 30,000 IRS fraud … never have a partner (he is now broke, family disowned him, sick, living on welfare, unemployed) call it even
<o:p></o>
Wife had a large sum of jewelry stolen &#8230;. 95% recovered (situation handled) call it even
<o:p></o>
In the 5th grade a kid stole my bag of marbles and my favorite shooter I knew it was him&#8230;.. in the 7th grade football practice I broke his leg. call it even
Was the business set up as a partnership (IE: You were also liable for his frauds)?

This is why I'm a fan of LLCs and the such. They aren't a magic liability eraser but it helps a lot in situations like that.
Sep 20, 2011 4:12pm
1_beast's avatar

1_beast

Senior Member

5,642 posts
Sep 20, 2011 4:19 PM
tcarrier32;904445 wrote:my apartment was broken into about a year ago. they got away with 200+ DVD's, a PS3 with games and controllers, and an XBOX 360 with games and controllers.
still got the xbox but the dvd's were all geigh p0rn...i sold them to ccrunner
Sep 20, 2011 4:19pm
Belly35's avatar

Belly35

Elderly Intellectual

9,716 posts
Sep 20, 2011 4:26 PM
I Wear Pants;904668 wrote:Was the business set up as a partnership (IE: You were also liable for his frauds)?

This is why I'm a fan of LLCs and the such. They aren't a magic liability eraser but it helps a lot in situations like that.
LLC Lets say he took a deal to not to go the jail, he got the business that failed without me, paid me a sum of money over a peroid of time, and i was free from any IRS situation both personal and business...

What was sad was it was growing business and the potential was so great to make both very profitable ..
Sep 20, 2011 4:26pm
I

I Wear Pants

Senior Member

16,223 posts
Sep 20, 2011 4:32 PM
Good call on the LLC then. Never understood why someone would enter a normal partnership that isn't set up under an LLC. If the partner turns out to be a crook or douche bag or makes a mistake then you'd be on the hook. Don't see the benefit there.
Sep 20, 2011 4:32pm
Devils Advocate's avatar

Devils Advocate

Brudda o da bomber

4,539 posts
Sep 20, 2011 4:53 PM
Belly35;904688 wrote:What was sad was it was growing business and the potential was so great to make both very profitable ..
Mofo in DC would have wrecked it anyway.....
Sep 20, 2011 4:53pm
Scooter1369's avatar

Scooter1369

Bucks/Knights/Cats

179 posts
Sep 21, 2011 4:14 AM
Shipped a bunch of stuff home in the mail when I was wrapping up my time in Iceland. When I got the boxes back home, about 10 CD's that were only available in Europe had been stolen by someone working for USPS.

Same thing happened again when I left Okinawa. I had a kimono specially made for my wife while I was there. Cost me over $500. Mailed it to her with a few other items for our anniversary. The box arrived, the kimono wasn't in it. This time I had it insured.
Sep 21, 2011 4:14am
J

jmog

Senior Member

6,567 posts
Sep 21, 2011 10:21 AM
My first wedding ring was stolen out of my wallet at the batting cages. They left the wallet/credit cards/etc.
Sep 21, 2011 10:21am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Sep 21, 2011 11:04 AM
Who would steal 30 packs of lunches?
Sep 21, 2011 11:04am
SnotBubbles's avatar

SnotBubbles

Master of teh QQ

4,492 posts
Sep 21, 2011 11:20 AM
ernest_t_bass;905468 wrote:Who would steal 30 packs of lunches?


That Veronica Vaughn is one piece of ass, I know from experience dude. If you know what I mean.
Sep 21, 2011 11:20am
Big_Mirg_ZHS's avatar

Big_Mirg_ZHS

Recovering Pothead

2,079 posts
Sep 21, 2011 3:51 PM
Raw Dawgin' it;904476 wrote:push? self propelling is the way to go
you could cut his lawn with the manual one and not break a sweat lol.
Sep 21, 2011 3:51pm
believer's avatar

believer

Senior Member

8,153 posts
Sep 21, 2011 6:24 PM
Belly35;904654 wrote:In the 5th grade a kid stole my bag of marbles and my favorite shooter I knew it was him….. in the 7th grade football practice I broke his leg. call it even
lol :laugh:
Sep 21, 2011 6:24pm