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newbie here-maybe someone can help...
December 25, 2003
2:38 am
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cumberlandview
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Hello everyone, This is my first post. Actually my second, however I "scratched" it for being to wordy.
The whole situation that I am in would probably make more sense if I had continued with my story, but I can't type that well and I don't think that most of you good people had as much time as it would take to read it all.
Anyway,I'm trying to analize the situation that I am in. Several years ago I entered into a business relationship that eventually would require all of my time and resources beyond the normal call of duty. If it helps anyone to know, the business that I am in is old automobile parts and restoration. Commitment required that I pretty much give up all of my personal resources. Tools, vehicles, money, extra time.. free time..
Well, my Brother/partner had to do the same. Now for the most part, this arrangement didn't pose to many problems (both parties know when the other needs space etc).. "Oh ,I gotta date tonight, think ya can find somewhere to hangout?"-I can deal with that..
Through the years we never have seemed to have a whole laot of extra money, but the money we had we would put most of it back into "the business".
Things were "looking up" again,"hey, let's invest in some land, we'll build houses on (the land) then we won't have to work as hard. Well, there has been many financial ups and downs, and then the Economic dip of early 2001 and then the Sept 11th tragedy pretty much slowed all of our business to a crawl. Now this is not the kind of business that you can go get a night job at wal-mart to make ends meet. Jobs have ben taken in, money taken in, money spent on parts, oh yea, "did you make the credit card payment on time"? what about the land payment?...
There is plenty of work to do,. day and night. Just not much to work with when you need it. (remember, money going out faster than coming in).(Oh yea, there is the land too. Seems that time had come to move off of the "shop" property to get some privacy) Now we have some bills. 3 power meters etc, etc, etc,and now a new addition to the Family ? Brother got him a "girlfriend" back in August. Not to serious at first, but all of a sudden, She's at my homestead (mine is a seperate living unit from bro) but anyway...this is getting to much to afford.
Brother says, "I'm gonna go get ----- tonight and bring her out" I say "OK, can't she drive herself out ?" Brother "no, she lost her license for DUI" I think to myself "oh great"
Well this has been bugging me for months. I/we need about $6000- a month to keep up on current and catch up old bills. Now don't ever get behind on your bills because if you do, you will have to work twice as hard to catch up "the money". I didn't have a problem with bro dating this woman, he needs the distraction. It just bothers me because the "dating" time cut into the work time and also the dating cut into what money I allready don't have. He said this morning "I have to get something for ----- For Christmas" I said, with what ? If we both owe $3000- a month to survive, and we make $2500- that's minus $500-.How do you buy something with a minus. Well we made $325- yesterday. Yea, I got out a pen, how much money do you have now ? About $205- (it took me an hour to find out where the money went, but it's accounted for and yea, I gave in and he got a gift for her, and has been spending money for gas to go get her...
I brought up the subject of money this morning and how all I wanted for Christmas was a Red Ledger Book. That wasn't to well recieved. "what's that mean?" bro asked ? I wanna see where the money is going. If We/business take in $400- I want $200- of it, then when it's time to pay bills at the end of the month I'll give you my share to pay towards the bills. he responds "Well we don't have any money", I get you food, cigarettes, I don't smoke... If you want to start counting every penny...
Is it me or am I trapped ? Does any of this "babble" make sense to anyone ? I love my brother and don't want to offend him, but I want to know where my half is. ? I wan't some money for.. If I want to go out somewhere... HELP !

December 25, 2003
3:10 am
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Zinnie
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September 29, 2010
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Hi Cumberland,

You have every right as a partner of 50% to have a full and honest accounting of the books. I know your brother might not take to this decision, and I know you are operating on a shoe string... but find an attorney to draw up legal partnership papers, and an accountant to handle the business end. That way everything is "above board" and neither you nor he will feel one is being slighted.

Good Luck,

Zinnie

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