business question

[Accountable for Me]

business question

greeneyes;335527 wrote: Thank you all for your advice. I spoke to acct. He is fond of me (in a friendship way) and said the LLC structure does not require a second person. He and hubby are not real compatible. I will hang tight until after Lenair. I completely agree with that advice. Hubby may go in Sept. so I will make it through the summer. I am a strong person and can do it. I believe we are both worth it.

You are smart to wait until after Lenair. Nothing drastic will happen over night, so hang tight. I agree with UKblonde in regards to focusing on your sobriety, so you can have a clear head to deal with this other stuff.

[Doggygirl]

business question

Going Strong;335518 wrote: Before I can reply..................what is an LLC?

Limited Liability Corporation. Here is the Wikipedia explanation.

Greenie, I think you are on the right track. If you trust hubby not to do anything drastic or crazy while you are at Lenair, great. Otherwise you might still want to talk to an attorney to cover the base - i.e. if you are in re-hab, could he claim something outrageous i.e. you are not competent to make decisions???? I'm just speculating here, but maybe asking an attorney (or even your accountant) if a short term Power of Attorney would be appropriate - that way your lawyer or accountant or trusted family member can look out for your interests and potentially block craziness between now, and whenever you are ready to decide what you want to do with your stake in the business..

I don't know the situation with your husband so that might be an Over The Top suggestion.

Best wishes to you. YOU ARE WORTH EVERY BIT of energy, time, money, and whatever else you are investing in your sobriety. You deserve a beautiful life.

DG
*********

[Ripple]

business question

Do you know wot your talking about? You don't know much about business at all. Limited Liability Corporation, you should have a book on the way it is set - up for ownership. %'s. Also you hire out from a professional temp service in these situations, depends on your business type? Go to an attorney and sign off your portion of the business. If you have a profitable business, get something for removing your name. Who cares wot happens once you leave, you been paid, its their trouble's after... make it clear, you want compensation in writing for LIFE, benefits and ALL..

[brittzak]

business question

Greenie,
Your hubby is NOT gonna screw you honey. He is probably nervous about your trip to Lenair as you are. As much as family desire the drinking to end, it ALSO makes our loved ones nervous and scared too. Hell, we've been drunk so long, they may not remember the REAL us without alcohol. He may feel insecure that you will leave him, that you won't "like" him any more. Think how you would feel if he were receiving the treatment first. I AM NOT saying don't leave, but I think you both need to chill out! See what this summer brings. You have been married a long time. You owe it to each other to try to keep your commitment and love. Just my two cents worth........since you asked. You can cuss me out if ya need too, you know my number. HA HA HA

[Margaritaville]

business question

greeneyes;334775 wrote: If we remain married and I am not a part of the biz, a stranger will have to be a part of the LLC. I said I wanted my money out as I was uncomfortable with that and he hung up on me. Hanging up on someone is like a slap in the face. Grrrrrrr It is a really complicated situation. At least through my eyes.

Greenie: Incorporation or LLC, it is still a business. Consult an attorney. Even if he says its not a profitable business, consult an attorney.

Put the hurt aside with the receptonist... She's probably quite innocent. Consult with counsel. NOW.

[greeneyes]

business question

OK. Let me clarify. I did consult an attorney but it was a divorce attorney. Because Al ate up half my brain I don't remember if I mentioned the LLC. We most certainly discussed financial involvement. This is not to be confused with a business attorney. The accountant I spoke of works within a firm the owner of which is an attorney. I despair to speak to one of my many attorney friends for the sake of hubby, well and myself. Please don't tell me I'm stupid. I already know that. Acct said that LLC did not need another person as he is also sole proprietor. I am talking 12 years with this acct - he knows the set up and the legalities. So I am going to go with it. I am listening to my heart of hearts and taking the advice of others to wait this out until the end of summer. I am in on BB's June thing and I will not be drunk and I will tackle this as a reasonable sober person. With BGP on. I realy hope there is nothing to tackle, all said and done.

[bestlifeldms]

business question

Greenie,

Take a deep breath. The business will HAVE to be restructured as a result of the divorce, unless you continue as part of the business after it is final. Not something I suggest (been there - done that - not good) As far as the LLC, it needs only one "managing member" - obviously, this would be your hub. Be sure that you are paid for your share of the equity (or retained earnings) and that you are released from all liability. Don't accept payment over time (receivable note) from your husband (eventually to be ex-husband) That way, it will not matter how the business does, after you have left. I remember feeling the way you feel and worrying about all the same things.

If you are planning a trip to Lenair, I strongly suggest that you stay in a holding pattern until well after you have returned. Your are going to find your state of mind, views and life to be very different. Things will be in better perspective.

Hugs and support, Best

[greeneyes]

business question

Best.. I will take that advice and thank you for it. A divorce is not actually on the horizon. Speculation at this point. I am on hold. Holding with all I've got. Wowee, who would ever thought it would be this hard. White knuckles.

[anxious]

business question

OMG

We are going thru very similar situations right now. I have not been on this board in a month. Hubby has reins on business and is Ok without me so I did see a lawyer and am seeing a marriage councelor too. I'm giving it this week for me to go up there and see how things are going between us but too much fighting even sober, and too many hungry waitresses looking for a sugar daddy!!!! I feel sick but I am feeling strong one day and scared shitless the next!!! please pm me so we can talk.

:l:upset::h

[greeneyes]

business question

Well.. I have to give new girl access to computer and my accounting program. That means access to thedoughnut hole. I suspect it is because hubby is pissed because I asked for my money in the credit line scenario. I'm not real clear why he wants this. However I think that it is my best interest to get my duckies in a row. Right now. Thank goodness I filed my taxes married separately. What a shame. This is not looking good. Great timing huh? How many pairs of BGP can one wear at one time?

[FloridaBoy]

business question

How many pairs of BGP can one wear at one time?

As many pairs of :grannypants: as you need to stay away from AL. With what you have on your plate there is no room for AL. Keep a clear head and stay cool, calm and collected. You will be fine. Men are just weird :clown:'s .....I know because I am one.

[Doggygirl]

business question

Hang in there Greenie. Sounds like you are getting good professional advice. I think that's smart for any business owner - regardless of whether the rest of life is perfect or sucks, AL or no AL.

Even after 12 sober days, I find I am better able to stay calm, and distinguish between issues that need my concern and attention/action now, and things that do not. No sense over-worrying about things you shouldn't. Just know what things DO need your attention.

Glad you are a June Booze Buster too!

DG
************

[gelgit]

business question

Wow! Greeneyes, you have a lot of stuff to deal with. Sending energy and strong thoughts your way. Be clear and certain that you'll get thru it with flying colors. xxx g

[greeneyes]

business question

Bumping this. He is adamant about not paying me out in a lump sum. He is certain I am heading for divorce. I'm not. I just want to stand free financially. It has turned into a huge argument and if I press, I don't know what will happen. Ick! He wants to fire me anyway so I figure what do I have to loose from that standpoint? But I may loose hubby and I don't want to. This is just awful. Anybody have legal or accounting background?

Nevermind. I have professional advice. I guess that was just a vent. Sorry. Those conversations are just so upsetting.

[Ripple]

business question

can you believe mine forced me out after i helped him to be successful and now has asked me to do work for him from my home computer? i knew it he couldn't do it alone. my hand is way out there now_____________$$$$. see what sex does to men.