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Serious Business Backup 36 replies 719 views
I
I Wear Pants
Posts: 16,223
Sep 20, 2011 4:12pm
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.
1_beast's avatar
1_beast
Posts: 5,642
Sep 20, 2011 4:19pm
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
Belly35's avatar
Belly35
Posts: 9,716
Sep 20, 2011 4:26pm
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 ..
I
I Wear Pants
Posts: 16,223
Sep 20, 2011 4:32pm
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.
Devils Advocate's avatar
Devils Advocate
Posts: 4,539
Sep 20, 2011 4:53pm
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.....
LJ's avatar
LJ
Posts: 16,351
Sep 20, 2011 5:35pm
Scooter1369's avatar
Scooter1369
Posts: 179
Sep 21, 2011 4:14am
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.
J
jmog
Posts: 6,567
Sep 21, 2011 10:21am
My first wedding ring was stolen out of my wallet at the batting cages. They left the wallet/credit cards/etc.
ernest_t_bass's avatar
ernest_t_bass
Posts: 24,984
Sep 21, 2011 11:04am
Who would steal 30 packs of lunches?
SnotBubbles's avatar
SnotBubbles
Posts: 4,492
Sep 21, 2011 11:20am
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.
Big_Mirg_ZHS's avatar
Big_Mirg_ZHS
Posts: 2,079
Sep 21, 2011 3:51pm
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.
believer's avatar
believer
Posts: 8,153
Sep 21, 2011 6:24pm
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: