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Old 08-16-11, 03:54 AM   #12
Tribesman
Stowaway
 
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My father makes about 1.5 or 2 million per year.
Does he?
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How do we owe the banks 800 grand?
Borrowed it perhaps?
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He's putting money out of his own pocket into the businesses to keep them floating when the weather is bad
His own money, the companies money or the banks money?
Or all three?
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That's how it is with a lot of businesses in my area.
That is how it is with business.
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The owners are shoving their personal money into their businesses.
That is what an owner does, you put money in and if all goes well you take money out. Though he could go to a bank for a loan or try and get investors who will put money in with the aim of taking money out.
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Now, one of our main problems is property tax.
Has property tax suddenly changed in a massive way or is that an expense the business should be planned to accomodate from day 1. After all your business revenue isn't counted till your liabilities have been covered.
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Statement to be made here...
Yes, the statement questions if you know how a business works?
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