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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: White Bear who wrote (15645)	12/16/2006 1:35:21 PM
From: haqihana	Read Replies (1) \| Respond to of 71588

Thanksalot, A bowling alley was build for the first time in history of the small town we lived, and worked in, and I wanted to get a company team, but ended up with three. The employees were anxious to show the company name on their back, and we all had a good time together at the same time. Getting to know the people, called employees, helps to make them feel like members of the family. If they had any thoughts, or beefs, they knew they could walk into the main office at any time. Trying to balance that many businesses had to be a hassle. A closely held corporation is a different mule than the huge, global, ones that are so prevalent these days, and there was little liability that we could escape. The capital came from the building of the business year by year, and the only share holders were members of the family. Since we designed, manufactured, and delivered, the furniture to our dealers, we were liable for anything that went wrong. Of course, I know you were talking about liability if the business failed, and that the officers could not be held for any debts that were still due, but we never had to deal with that. When we sold the business in 1985, I stayed on with the new owner for two years, but as it became obvious that he was making not inferior products which was still being sold by our family name, I bailed out on him. He went belly up in 1988, and left two banks in the dust, which got two friends of mine fired. The worst thing he did, was leave town with both of his hunting dogs locked in the garage to die. Another year later, he died of cancer, and IMO deserved it.