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GeorgeK · 03-19-2004, 06:59 AM

My best advice to folks (forget about prizes, etc.) is to always make sure that you have LEGAL CONTROL of the company. 50.1% ownership, whatever (100% is best), and if you are involved with other people, GET THINGS IN WRITING.

There are always some nutballs out there that will make life difficult, but if you have control, and you have things in writing, you alone determine your fate. While you can get rich by working for someone else, or being a minority owner, control is more likely to pay off big in the end.

03-19-2004, 06:59 AM
GeorgeK Confirmed User Join Date: Dec 2003 Location: Toronto, Canada Posts: 423	My best advice to folks (forget about prizes, etc.) is to always make sure that you have LEGAL CONTROL of the company. 50.1% ownership, whatever (100% is best), and if you are involved with other people, GET THINGS IN WRITING. There are always some nutballs out there that will make life difficult, but if you have control, and you have things in writing, you alone determine your fate. While you can get rich by working for someone else, or being a minority owner, control is more likely to pay off big in the end. __________________ I buy good domain names. Send lists to George (at) LOFFS.com