Posts made by buttercup

@herja

You are correct.

I meant Goodwill in the sense that it is included in the asset purchase as an understanding between us. There is probably a better term for this. I am not buying his C Corp he owns all the shares of and has been doing business as.

He is giving me he rights to use his phone numbers, contractor relationships, etc. I am not paying for them over fair value of the company. I will not be using his company name for example. We only have one contract and they have agreed to continue the same contract with me.

I will depreciate the vehicles for tax purposes as I go. But tax wise I won’t quantify the rest of the business and pay more. The business valuations have been agnostic of goodwill factors.

The financial transaction is an asset purchase. I have formed my own LLC, done all the business startup work there.

That said I am no accountant and will hire one as needed for tax purposes.

@bear_necessities

It is a good will deal so all the contracts and contractors he employs carry over.

The owner is nearing 80 at 77 and has lived twenty years longer then he should have. He will be blocky to make it to 80. He struggles to manage the business. He can’t travel anymore. He is very wealthy too. He started the business twenty years ago with two vans and has no debt with the company. All fifty vans he paid cash for as the business grew.

His children are wildly successful (rich) and don’t want the business. I showed interest four years ago. I helped him with hurricane responses and gave him ideas to grow his business he loved but admits he can’t be execute. He struggles to manage the employees in this environment. He can’t travel anymore and it hinders him as he has vehicles in several cities. His wife has cancer and he wants to more than anything wants what he loves to grow and continue. He like my ideas about the future of the business and how it can help wheelchair bound people and he knows I plan to use the business t launch something that has the potential to change lives (and would have made his life better) for people with mobility disabilities.

He called me and offered the business for the asset value. He told me he just wants the business to survive him and continue to help people as he has. He knows my charitable works (a lot) and I help in an organization he belongs to as well in a charity.

The bank got his finances and their business VP got the executive board to sign off on approval from their internal valuation. They have all the taxes, interims, and clear asset list.

Part of the SBA requirements are that I pay (5k) for a third party valuation which will wrap up soon. I already have the commitment letter from the bank.

I have friends who are investors and have offers from them to invest further after they reviewed the business. They targeted the business as being worth about 2.4. The bank pegged it at 2.6 in their valuation. Once this comes back and if it is above 1.5 we will schedule closing. Pretty high confidence it’s going through based on conversations with the third party.

Excited. Nervous.

@bear_necessities

Absolutely am. In fact that third party business appraisal is what is due the 21st.

We are buying the business for the asset value only which is roughly 1.2M for 50 wheelchair accessible vans. The cost of these vans is like woah. 65 - 80k new.

The profit this year was elevated due to hurricane IDA as the business has a FEMA contract for hurricanes in Texas and Louisiana. That isn’t reliable though. The business averages 300k to 400k outside of that contract a year profit. The owner can’t travel and does no marketing so lots of room to grow.

It is a great deal. One I got for being kind for a few years and helping someone that needed it. Still nervous AF.

Should add I also have the last five years of returns and all the records as well which is submitted into the business evaluation.

We are in the process of buying a business.

I can't wait I hate my corporate life like woah. I am truly not a good person in my role with my current run as a business operations leader (ahem Altice cough) who has had to do unethical things and spent many nights crying for the layoffs I forced on others for the sake of more profit. Among other things.

I'm nervous as we're spending a million. I am not as nervous as I know the business owner and their motivations to sell (near 80 and paralyzed) is genuine and they want an already profitable company to survive them. I have helped them with the business for free over the years as the owner faced many challenges with his disabilities. I've great ideas and innovations and the bank is excited and loves the business plan. We are currently awaiting the official third party business appraisal after a half a year of working to close this deal. We should get it back by the 21st and then we will schedule closing.

I just got the closing list from the bank of requirements to close and I'm working the list. It made it truly real for the first time. I'm likely done and out of the corporate rat race! At the same time it's scary running your own business. It made 700k profit in 2021 though. There are some challenges ahead but it's about as close to a sure thing as business gets. Yet I'm still nervous. Worried I'll fail and ruin my families future.

Excited too.

Added:

Thundergulch: Nayati
Thundergulch: Thomas

Moved a couple to the not currently doing it bucket.

@wizz Sounds like that's the way he handles pain as a child.

My son will be 10 next month too and he shrieks in an ear piercing and horrible way that drive me insane. It hurts ears. Truly hurts. My eldest son did this as well but puberty fixed, lol. Now he only screeches at bees but he is not neurotypical.

The social aspects of this screech I have corrected and is getting better. I couldn't imagine trying to correct or make sense of the pain reaction. Especially that young as it is part of his natural defensive reaction. And while it may seem overblown for my situation how he deals with those situations is tolerable and I hope the maturation process will resolve it.

Seems like it should be an uncommon situation even if overblown or more frequent. I just (no judgment) in my world wouldn't aggressively seek to change or push that natural emotional reaction out the door. Their minds are still young and fragile.

That said I feel like a jerk for even responding.

@misadventure This would be amazing, yeah.

@vixanic

It has been a minute since I have played WoD (The Reach) and life has changed a lot for me since then. Rather then making a character and then fading out which may very well happen. I feel like I could do a decent job of taking a roster character and if the flavor of the game is no longer mine be able to walk away easily.

I have apped a time or two very basic apps but get lost on things like ‘beats’ and a lot of WoD things that exist now. It may be I put a few days of learning again and four days later exit. Whereas a roster character I could try before I buy.

Are there any WoD games with roster characters that exist?

Great game so far.

Unfortunately I can't log in this morning probably my work firewall but didn't work on the phone either

I was sore last night. This was a magical season for a few reasons.

I'm from Phoenix. My father and I bonded over the Suns. We were poor and once he became disabled elementary school ticket specials were given to us every once in a while. We watched the Suns on a small black and white rabbit ears TV on channel 45, He had his first heart attack that led to his quadruple bypass in a triple overtime game when I was 11. I drove him to the hospital. We watched two days later in the bed on that same TV against doctors orders the next Suns game.

I carry the whatever it is that makes me passionate about basketball and the Suns are my heart. My wife coaches. You guys know. I've blabbed about it before.

Saw the last two games of the season the Suns played in San Antonio.

We saw Mavs/Clippers 3, 6 and 7 (live near Dallas and flew to LA). (Whole family vacation had great timing to allow this. My son (On the Spectrum) and I groove to the Suns. It's one of his foci in life. We flew to game 4 of Denver vs. Phx.

In downtown Denver we were waiting on a bus to go to game 4 and four dudes from their expensive loft balcony in a high-rise started shouting things about my weight and my team. We couldn't do anything and were in the open. I yelled up 'Suns in 4!' after about five minutes of being publicly humiliated. He pulled a gun out and started firing. I thought I was dead when I felt the pain in my shoulder. I grabbed my son and ran him towards them to the only cover. Got shot once more, and got over him and prayed that my fat fuck life would be worth something and the bullets wouldn't go through me and spare my boy.

After a moment of smothering and telling him to run I was going to stand and draw fire so he could have full cover. Told him I love him but then felt a sting in my foot. It was a fucking bb gun.

Felony menacing and felony assault charges and in court now on the shooter.

I can't tell you how fucked up I am on that. Massively. Anyway.

We got to the game late in the back of a police car. Ayton saw our sign and fist to chest saluted me (Domin-Ayton with his poster dunk the game prior).

My wife for my birthday took me to game 3 and 4 Suns and Clippers in LA. I had a rough time game 3. Got through it and game 4 was amazing. Ayton saw me (new poster) and my wife and pointed us out in the crowd and did the same fist to chest thing -- . His mom a few rows below us looked up and then we started talking.

We hung out after and talked a lot with her and his baby mamma. Great pictures with them. His mom asked to keep our poster she loved it so much and wanted to take it home.

In advanced scouting I took my son (he wasn't ready for LA being honest I wasn't either) to see Bucks and Hawks Game 6. Got to see the Bucks take the Eastern Conference.

We were going to go to Game 4 if the Suns were in position to sweep. That kept getting pushed back had they won last night my son and I were going to get in the truck and drive to Phoenix.

So bittersweet. Hopefully less bitter with time long-term.

That said I get to take my step-son to see Green Day (also on the spectrum but he has it for music) and then we're going 5 days Lolla later this month. Where Tyler the Creator and many more will be. We bond on hip hop, 90s music, and rap. These are his two favorite bands and artist. His first concerts ever.

It's great to be a dad sometimes. I'll be back on the Suns next year after we size up and go up against Nash and the Nets for more bittersweet heartbreak.

@arkandel I kinda dislike it so far.

There are some elements I like. But overall I loved WandaVision so much more I'm not sure the bar is achievable for me.

I prefer Daredevil, Punisher, and some of the other Marvel works. So far The Falcon and the Winter Soldier feels sidekick melodrama level to me.

Also I think my love for Invincible has made me more content then I should be with my super hero fill of greatness!

@shangdi

I tried to make a character but it's been so long I gave up and there was very little to no help in the process. I read a pdf and muddled my way through but couldn't figure out how to look at my character sheet to pick back up.

Then I had no clue how to submit so glad that has been amended.

Any good podcast suggestions the wife and I are pulling a Ted Cruz and heading for Cancun for a few days second week of March.

Love things like LPOTL, Serial, Monster.. etc. probably looking for more recent or obscure.

Enjoyed Your Honor on Showtime. It was the distraction through the giant Texas snowstorm. Based on an Israeli series that had two seasons (Indian series made as well derived from it).

@ganymede No, you're right. Amazing news for me and my fam. I just didn't know where to put it so replied to my own previous post of concern

And someone just reminded me of my Star Crusade bit: Cephus. Added.

Not really a secret to many (former staff there I encountered know) but not something I advertise...

Added in my more questionable history that I'm not as proud of but no longer resemble. I was Pyongyang (staff) on the Reach many many moons ago and I flamed out on that game with an intense hatred of some undeserving probably furry interaction that triggered me. To be fair outside of that episode and not being the best person on WORA it wasn't that bad. I ran and did a lot of stuff for the game and enjoyed the time there.

Also Head Judge on SWII which was never as storied or as negative as the former

@buttercup

Follow up to my last post. It isn't terminal. Traumatic Brain Injury is the diagnosis. Things should get better over time. I went through extensive testing and it came back this way when compared to some of the concussions I've had over the last few years with prior MRIs. I had deployed an airbag this year in an accident and knew I had a concussion but never went in because between MMA in my 20s and youth, a few severe wrecks, etc, I just knew what happened; the white matter spots were against impact points they tracked it back to from injuries and prior MRI's in my 20s and in a severe wreck about 6 years ago.

I will be seeing a TBI specialist but going forward small head injuries are a lot worse for me it seems. Happy I got sent to Dallas because my East Texas area doesn't have concussion experienced TBI intervention and I'm happy I didn't spin the tires fretting so much more here. Looks like I was fretting over death and terminal when it's reversible with time and consideration that my head injury days need to be utterly over.

My family and I made it through fine. We have a generator (our power was out four days) and a 4x4 truck that I have traction appropriate tires for. We spent the time delivering water and food to those trapped in our rural East Texas areas. I towed about 20 people out from ditches or from ice slicked roads they couldn't pass. Gave rides to people to emergency shelters they couldn't reach.

Texas does really well within our communities (at least rural communities) and we used FB to help and coordinate help to make sure anyone in need was taken care of. Wellness checks. Etc.

I was lucky enough that I am zombie apocalypse and prepared that my family never had a concern and we were able to do a lot of good for the community I'm in as well. Most the area still needs to boil water and so that's the only current concern is outreach to those in hard to reach places or that otherwise might not be checked on to make sure they can drink okay.