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lendaddy lendaddy is offline
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Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
I will add a partner story as well. My father brought my uncle on as a partner maybe 30 years ago and we bought him out 10-12 years ago.

Anyway, the accountant when valuing the company made a massive error that increased the buyout by 60-80%. My father was very unsophisticated about these matters and it never occurred to him. When he did find out he decided to just let it go rather than tear open a wound with his brother.

My uncle still does not know about it and never will.

So not really a screwing by the partner but a screwing none the less.
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Old 02-09-2008, 05:01 PM
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