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<blockquote data-quote="FedGT" data-source="post: 1730385" data-attributes="member: 58838"><p>Me too.</p><p></p><p>Biggest problem I see with teaming up is that most singles (quite a few multi owners) don't have the business sense. So now who ever is in charge has the liability on them to make sure things are splitting fairly, taxes are taken out properly, book work is being completed, and all vans are running like a larger company should have. I picture the books and taxes being the biggest problem, if I was in charge of a company of multi contractors I would be making it clear that everyone is paying out estimates taxes weekly after you sit down with the accountant and figure out everyone's liability. Do not drain the account every week and split it to everyone and assume every individual will save for the tax implications through out the year,</p></blockquote><p></p>
[QUOTE="FedGT, post: 1730385, member: 58838"] Me too. Biggest problem I see with teaming up is that most singles (quite a few multi owners) don't have the business sense. So now who ever is in charge has the liability on them to make sure things are splitting fairly, taxes are taken out properly, book work is being completed, and all vans are running like a larger company should have. I picture the books and taxes being the biggest problem, if I was in charge of a company of multi contractors I would be making it clear that everyone is paying out estimates taxes weekly after you sit down with the accountant and figure out everyone's liability. Do not drain the account every week and split it to everyone and assume every individual will save for the tax implications through out the year, [/QUOTE]
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