Quote:
Originally Posted by Zoo Nanny
Erik one of the first things you should do is get a lawyer to protect you. 100k sounds like a great deal of money but it really isn't. You should have a contract with your friend which delegates what's paid for monthly and by whom. The electric bill will be high, taxes on the property, insurance on the property and business, food bill, water bill, heating cost, building maintenance, % of ownership of stock, % of income, hours per week invested in upkeep of animals and general job duties and responsibility of vet bills, just to name a few.
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This is very good info Erik.....pay attention. Also, since you are a minor, it may not be possible for you to enter into a binding contract with anyone...again, ZN suggestion of getting legal advice would be good. Seriously, you apparently just got a reasonable amount of cash. Invest it dude...Slow down. Enjoy the animals you have. $100K could grow into serious money if handled properly.
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