so my hubby is in business with his dad?
818845
I am going to make some assumptions:\nYour father-in-law keeps/kept 50% of the profits he makes, and 50% goes towards company overhead.\nYour husband keeps 25% the profits he makes, your father-in-law keeps 25% of the profits your husband makes, and 50% goes towards company overhead, or 75% goes toward overhead.\nEither case a percentage of all profits goes towards the company overhead. In most cases auto expenses, advertisement, and payroll come out of company overhead.\nIf your company is unable to cover overhead then you either have to 1) decrease the amount of expenses coming out of overhead and/or 2) increase income into the overhead.\nA recommendation would be to look at company costs then decrease the amount of the profits that the owners are keeping (husband & father), thus increasing the amount that goes into overhead. Set a reserve in the overhead account (one month of expenses) and after that is meet and maintained then pay bonus to the owners.\nBottom line, If your husband is now in control of the company, the company will reap the benifits of the advertising. If it is old advertising, it is still an overhead of the company and your husband assumed responsiablity of the company. Your husband should also have the right to make sure that the business stays aloat and make difficult decissions that influence not only the father's pay but yours as well. \nThe ad agency will work out a payment schedule with the company or you can try to settle for dimes on the dollar.
437400
ask him who his father is
1178388
His new wife.  I have a stepson and I will be the one buying my husband's fathers day gift from him...the mother of my stepson is too much of a witch to even think of it.
542107
Huh?  Your question doesn't make any sense. I'm sure the PM and his wife are happy, and is it really anybody elses business?
1160652
First do not take out any type of loan or mortgage against your dad's ranch, especially to start a business. The chances are too great for both of you to lose everything. Next, your dad is a little too old to try and start a business from scratch. Your dad is at the age that if something goes wrong with his health then you may need that money to help him.\n\nSecond, you being 20, you have your whole life ahead of you. It's great to think about starting a business on your own but it takes hard work, a lot of money, and many more hours devoted to getting the business going then just 8 hours a day.\n\nNow, here is a suggestion. As for the 30 grand, let it sit for a while and look into investing it "safely". Check out the website I listed below. Order his books and read the material. There are other options such as investing into "tax lien certificates". \n\nType that into your search engine and read the info on how to invest.\n\nI would rather see you invest a little bit of money into educating yourself then to take a risk like starting a business with the possibility of losing everything. \n\nAt the website below, read what Robert is telling you about risk and control. Then decide. Make sure that both you and your dad agree on the course of action that you both want to take.\n\nBy the way, I am 55 years old, I had my own contracting business for over 20 years and am now a "silent" partner in that same business. Which means I am still the ceo and receive an annual income from the business. I have met Robert and his wife Kim from one of their seminars. His information is solid.\n\nYou being 20, here's a secret for you. You and your Dad have 30 grand. Take about 10 grand and try to make that money work for you. Your goal is to double that amount in a short period of time and then reinvest. If you lose then all you lost was the 10 grand.\n\nHope this helps - best of luck
503962
Ummmm hummm let me think.  STOP THE AFFAIR!!!!! for one that is your dad's friend.  Your dad is going to loose all respect for you when he finds out.  For two he is married and three that is tooo old!!!
992128
Actually he has a partner and a daughter.\nThey are not legally married though.
982511
Sounds like it is a win-win situation to me.  If your current husband is willing to take them on as him own then let him.  All that really matters is that you are there for the children.  If he is a dead-beat, and it sounds like he is, then let him off the hook.  Child support is nice, but your children's feelings, emotions, and mental state are more important.  Let their step-dad take up where their real dad never left off.\nMake the choice to let him sign it all away, sounds like he will never be there for them anyway.
739058
He is old enough to be your dad! There are sound reasons why this is frowned upon that have nothing to do with tradition or society. The relationship could never be totally equal.
830829
Not a conflict that I can see.  Two businesses that for efficiency's sake are owned by the same person.  Maybe you could explain why you think this is a conflict of interest?
237320
someone being attached to their father. Ususally looks for a relationship that mirrors the father
785439
I don't know where you live, but in the U.S. it is not illegal for the daughter-in-law to do this. It is immoral and very unkind, but not illegal. If the parents live outside of the U.S. they should consult the company the son worked for and see what they can offer. If they have already given the wife all they will, then the parents should see a lawyer. \n\nGood luck to you. Please give the parents my sympathy.
167636
yes.. if he's a sole proprietor...
983283
that is the start of a booty call and if he works out of town that might be were his family live like his wife and kids ! \n\nwatch out this does not sound right ! ♠
679790
i would go and visit him because he was my dad, not to just get something from him. if you sincerely want to meet him, then do so. after that, things will probably work out for the good of both of you.
474090
Tell him that if he really wanted to "just get to know" them it is inappropriate to discuss his financial and living situations. Tell him if his intentions are good to meet in neutral area like having lunch with her in a public place where they can ask each other questions etc.\n\nMaybe his intentions are good, but like you I would be sceptical. It sounds to me he is too much like his father.
468813
No, he still has to pay alimony.  If he "gives" you the business flat out, it's yours... however, if there's settlement, it's more likely that he'll be looking for half.