GeeZ
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Everything posted by GeeZ
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It depends on how the employee is paid. If he is commissioned only, then he can work on HIS vehicle. If hourly, then he needs to be off the clock. But there are always issues with workers' comp and supplies he may use. Who is responsible if the lift falls on him while at work on his vehicle or less dramatic, piece of metal in the eye? You are!
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I am a pharmacist and operate a home infusion biz (i.v. in the home) with another pharmacist who is my business partner. www.ivavitalcare.com. I am the senior partner (having put most of the money in) in a performance garage. www.powerfabauto.com. I have been a sports car freak for many years but know NOTHING about operating a garage, I joined this forum hoping to learn something. Thanks for the welcome.
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I am new here. Some points to exiting your business from parallel life (my main business is health care.) 1. Don't wait until your business is on the skids to sell. A failing business gets only inventory/equipment at depreciated value. 2. Use a business consultant and attorney to help with the deal. Check several consultants to make sure they are not raping you. You don't want to make mistakes like leaving leases in your name. 3. If you are financing the deal, check on the new owner monthly. 4. Have something else to do. Good Luck.
