View Single Post
Old 11-27-2012, 04:19 PM   #10
JohnR
Certifiable Intertidal Anguiologist
iTrader: (1)
 
JohnR's Avatar
 
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,270
Blog Entries: 1
Quote:
Originally Posted by piemma View Post
I'm in and headed out to get 5 tickets. Just a note, we need to get one of our resident lawyers involved should we win. We will need to make sure we address the tax implications, the property titles and , most importantly, indemnifications.
John, you may need to set up an S corp or some other entity.

One other thing: What happens if we win a lesser prize? I vote the same rules apply. 15% to S-b and the rest get split. Even if we won $1M, it's a big chunk of dough
Good question - if we do anything over 10K we work the split? Below 10K everyone keeps there tix?

~Fix the Bait~ ~Pogies Forever~

Striped Bass Fishing - All Stripers


Kobayashi Maru Election - there is no way to win.


Apocalypse is Coming:
JohnR is offline   Reply With Quote