Shabby
Recycles dryer sheets
I thought many of you on here might have been in a business partnership and this can have a large impact on when you can FIRE. There are 2 partners in my service business (S-Corp). We both founded the company in 2004. It has been very profitable every year and we both still work here. We take little salary and variable distributions each month.
I want to FIRE, my partner financially can't. He doesn't want to buy me out.
So what do I do?
Can I sell it to a random person?
If I walk away do I still get paid out distributions?
I feel like my only choice now is to walk away from it.
I want to FIRE, my partner financially can't. He doesn't want to buy me out.
So what do I do?
Can I sell it to a random person?
If I walk away do I still get paid out distributions?
I feel like my only choice now is to walk away from it.