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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bidder who wrote (26957)	1/13/2004 10:28:30 PM
From: E. Charters	Read Replies (1) \| Respond to of 39344

Never form a business partnership. At least if you do, have a buy-sell agreement in place, or a forced buyout agreement. If he does not take your offer, then he must match it with equal funds in a certain time to buy you out. Partnerships by law are impossible to run, because of the need for acclamation, and well nigh impossible to dissolve. Whenever, in practice, one partner takes funds out of the company, he rarely replaces it so equity is maintained. Rarely do both partners do equal work, and rarely do they agree on expenditures or work division. Silent partners contribute nothing in the way of work, so their business building component is hard to quantify. EC<:-}