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<blockquote data-quote="Tallc" data-source="post: 8450979" data-attributes="member: 570188"><p>now that's more in line with what should have been posted way up... We have never assumed liability , with exception of one time, and that was with a manufacturers rep. Mitsubishi, we basically purchase a small company with some issues, and we were already factory direct with mits. under our company, and in a very short summery, we were told in a not so direct way basically IF we wanted to maintain the line and relationship, it was in our best interest to pay off those outstanding invoices as part of the agreement to purchase.. We did, which also put us a little upside down on the line, then when things panned out, and starting to put us in the profit side of things with that particular line, they discontinued manufacturing TV's and projectors.. hmmmm, not such a great deal after all for us, but that's business...</p><p></p><p>an another note , a person I know who is pretty much in the same field, bought a company , and there was no assumption of liability, and not sure how they worked this out, or how it was actually in the sale, but the seller was supposed to pay off all balances to the distributors that were owed as part of the sale, this was on like a 30 day timeline, and I assume some funds from the sale were supposed to be used for this purpose, at any rate, my understanding is that the distributors were not all paid off, and something in the sale nullified the whole deal, and resulted in a no sale.. He did lose some money I believe from the initial purchase arrangements, but evidently other monies held In a escrow.. I simply think the seller did not actually have enough funds to pay all the distributors, and was thinking he would get all the money up front or something.. Anyway, I do not know the details of how that was actually set up, and I have never seen or been involved with a deal done that way.. Long story short, he started his company afterword from scratch, and surprisingly has done quite well... with the majority residual being in the alarm installation and monitoring...... I guess a pretty good income from the monitoring side from what told, if you want to deal with the licensing you need..</p></blockquote><p></p>
[QUOTE="Tallc, post: 8450979, member: 570188"] now that's more in line with what should have been posted way up... We have never assumed liability , with exception of one time, and that was with a manufacturers rep. Mitsubishi, we basically purchase a small company with some issues, and we were already factory direct with mits. under our company, and in a very short summery, we were told in a not so direct way basically IF we wanted to maintain the line and relationship, it was in our best interest to pay off those outstanding invoices as part of the agreement to purchase.. We did, which also put us a little upside down on the line, then when things panned out, and starting to put us in the profit side of things with that particular line, they discontinued manufacturing TV's and projectors.. hmmmm, not such a great deal after all for us, but that's business... an another note , a person I know who is pretty much in the same field, bought a company , and there was no assumption of liability, and not sure how they worked this out, or how it was actually in the sale, but the seller was supposed to pay off all balances to the distributors that were owed as part of the sale, this was on like a 30 day timeline, and I assume some funds from the sale were supposed to be used for this purpose, at any rate, my understanding is that the distributors were not all paid off, and something in the sale nullified the whole deal, and resulted in a no sale.. He did lose some money I believe from the initial purchase arrangements, but evidently other monies held In a escrow.. I simply think the seller did not actually have enough funds to pay all the distributors, and was thinking he would get all the money up front or something.. Anyway, I do not know the details of how that was actually set up, and I have never seen or been involved with a deal done that way.. Long story short, he started his company afterword from scratch, and surprisingly has done quite well... with the majority residual being in the alarm installation and monitoring...... I guess a pretty good income from the monitoring side from what told, if you want to deal with the licensing you need.. [/QUOTE]
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