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Showing content with the highest reputation on 10/17/2018 in all areas

  1. 1 point
    @Patio29Dadio, I would like to give you one other thing to consider as well in the scenario you shared above is you are thinking about buying this with a guy in your building. That is all good and fine and saves money, but you need to think about insurance. How will you insure it, who will be reimbursed if something happens to the equipment? What happens if the other guy is using it and causes damage or injury and your name is on it as well? There are a lot of things to consider when going in on purchases with folks outside your business. There are solutions to all of these issues, but you need to keep them in mind when looking into joint ventures, for sure. I have seen things like this come back to bite folks who did nothing wrong aside from having a co-ownership on something. Best, Aaron
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