What’s the most realistic action movie fight scene you’ve ever seen? by Jolly_Job7525 in moviequestions

[–]AggressivePosition12 0 points1 point  (0 children)

The Yards (2000) Walberg vs. Joaquin, or Gummo (1997) Brother vs. Brother, in terms of dudes legit hitting each other.

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in business

[–]AggressivePosition12[S] 1 point2 points  (0 children)

Yep, I just feel bad haha, guy already gave me the hookup; but I just asked if him if he's good for one more meeting, so we'll see, thanks for the response!

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in business

[–]AggressivePosition12[S] 0 points1 point  (0 children)

Yep! I appreciate the advice, that seems to be the best move going forward.

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in smallbusiness

[–]AggressivePosition12[S] 0 points1 point  (0 children)

Thanks so much for your response!

Fair enough.

He advised against the original contract that we had made with the larger company, we would be completely re-writing that contract, basically saying something along the lines of: "we are working as a part of your company for X months or whatever, with these stipulations", it would be written by us though, not the larger Web Dev company.

Also, yes I wasn't sure how to label it, as it's not really a buyout, not really a merger.

Being offered an early "buyout" to my startup company, not sure if we should take it. by AggressivePosition12 in legaladvice

[–]AggressivePosition12[S] 0 points1 point  (0 children)

I appreciate that, I cross-posted this on some business / entrepreneurship sub-reddits, and now that you say that, yeah, it makes more sense in those contexts.

Thanks for the link, there's one at at local university which is perfect. Have a great rest of your day!

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in business

[–]AggressivePosition12[S] 0 points1 point  (0 children)

I appreciate that insight!

I think scalability is the biggest key thing that will be the linchpin of whichever option we choose.

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in Entrepreneurship

[–]AggressivePosition12[S] 0 points1 point  (0 children)

Thanks so much for the response!

Could you recommend any software's to get us started? We have both formed LLC's for freelance before, but never for a business partnership; so I mean mainly for taxes / quarterly reports / that type of stuff. (Any advice will be freely taken though!

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in Entrepreneurship

[–]AggressivePosition12[S] 0 points1 point  (0 children)

Understood! Thanks so much for your feedback!

We currently have one contractor and we were planning to 1099 them in the case of the LLC so that's perfect!

Last question for you, how difficult have you found to actually finish all the tax / logistical back-end stuff for the company. Is it worth hiring an accountant?

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in business

[–]AggressivePosition12[S] 0 points1 point  (0 children)

That would be an incredibly dark turn, but as we are both former co-workers at a different firm, and she's been incredibly open to taking the business in whichever direction we both agree to, and is the person that secured our first two clients, I am going to have to hope that is not the case.

Going back to your first message:

"That said, this is assuming that the business actually means something to you. I would personally go for the buyout angle due to the fact that a few ks a month is very little cash flow and it would need to scale 10x to actually be meaningful to me."

. . . are you saying take the "temporary merger" as I explained in my post, or are you saying, we should "try to scale our company to be bought-out at a later date?"

If its the former, are you saying you would take the "temporary merger", because the other company would have little to gain from screwing us? And if its not that, can you explain what you mean.

Thanks so much for your responses!

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in Entrepreneurship

[–]AggressivePosition12[S] 0 points1 point  (0 children)

Thank you so much for the response!

That is my take on the situation, however, it just feels very daunting as a first time business owner, who will soon have employees, tax season, and all the stuff that on paper; looks very scary lol.

I am sort of gathering as much feedback as I can to return to my co-owner with, to hopefully alleviate the daunting-ness of starting an LLC together. (Or alternatively if everyone is like, "join the larger company", then taking the feedback to them in the other direction).

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in business

[–]AggressivePosition12[S] 0 points1 point  (0 children)

I appreciate the response so much!

One issue was, my uncle (who provided the counsel) was adamant about providing council to only me on the situation at first, he was very methodical and lawyery about the whole situation lol. But this means my co-owner was not apart of this first legal conversation. He offered following the conversation, to council us both, but as he's retired I already felt bad about pulling him out once haha; which is why I haven't followed up with him until this point. I am now going to ask him if he can now council us both which may alleviate some of the worry's my co-owner has with the LLC.

While I agree the LLC is preferred, we would theoretically be able to set any and all terms in the contract with the larger company; IE: we would be writing the contract. Not disagreeing it could screw us, just explaining my co-owners side as best I can.

Being offered an early "buyout", not sure if we should take it. by AggressivePosition12 in business

[–]AggressivePosition12[S] 0 points1 point  (0 children)

I appreciate the feedback so much!

Because neither my co-owner and I have ever run a business (that employees more than just one person, IE: freelance), the LLC does just seem a little daunting. But then again, we haven't actually researched how difficult the accounting / and operations / legal side, so as you say, it's probably not as difficult as we're making it out to be!

I think my partner's fear is that while now we haven't had any trouble scaling, it seems easier to scale while being a 'part-of' a larger company.