Love or businness?

India
December 17, 2006 1:58pm CST
my girlfriend helped me open my own business.he payed the decoration,machinery and everything that needed to start the place.We had a contract which says i will pay the rent and we will share the winnings and LOSSES 2gether by 60%percent me and 40%him.I will be running the place only myself.What do u think of these conditions?are they fair?and did he help me cos he loves me or is it just businness?
1 response
@kavita23 (2995)
• India
18 Dec 06
If he paid for all the fixed assets, which is the most expensive stuff to buy before starting your own business then it means that he is either very much interested in you or he must be sure that its a profitable venture. Ofcourse he trusts you but neither of us can say if he's doing this for love or for the profits. If he hasnt adviced you on how to run the business or hasnt committed himself in any other way to help you after the business starts, then it might means that he's only interested in profit sharing. If you win it means that he would take 40% of your profit, which is fair enough. But what if you lose then would he pay for your losses or would he ask you to repay him by any means. Give it some more thought before coming under any obligation. He could take advantage of you if you arent able to pay the profits, let alone the entire debt. If he really loves you then dont consider this help as a debt or long term liability. Just go ahead and marry him