How to protect purchases, deposits, and progress payments
Article Abstract:
Buyers can protect their investments when dealing with suppliers or contractors by demanding escrow accounts for deposits, and getting performance bonds if the amount is significant and the project will require a long time to be finished. Moreover, periodic credit reports on the buyers' major suppliers and contractors can help protect investments. Buyers can also request for several trade and customer references.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1997
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Owner is forced to sell: gets $100,000 cash and affiliate
Article Abstract:
A retail clothing store owner who was forced to sell his one-third interest, worth $400,000, to his two co-owners, received $100,000 in cash and ownership of a real estate affiliate. The real estate affiliate produced net cash flow of $40,000 annually, giving the owner a return of 8.8% on the property's net value of $450,000. A 10-year lease agreement was signed to protect the owner.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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