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Author
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Topic: Job
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reasmon Member
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posted 12-13-2005 01:58 PM
I have been working for a small company, IFS, for a little over a year now. I handle all the office/accounting work for that company as well as IFS2, FSE, and WDT. I was told today that we are opening another company. I am going to be part owner of this company, owning 51%. This means promotion and raise for me. I will have to hire 1-2 people to work under me and handle all the mail, phones, etc. I will also be taking my first business travel adventure next week to get trained on the new accounting software we are purchasing tomorrow. I will be in St. Louis for 3 days next week. I am very excited for this opportunity. I am also looking forward to a raise; I am hoping for at least $15/hr or salary in that range! Wish me luck (we are meeting with the attorney tomorrow to get everything figured out)...(Maybe I should work on my spelling!) [This message has been edited by reasmon (edited 12-13-2005).] |
mommyof2 Member
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posted 12-13-2005 05:21 PM
Congratulations! Now explain to me how you ended up with 51% of the company? |
reasmon Member
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posted 12-14-2005 08:58 AM
Thank you.We opened a construction company a few months ago. That company isn't getting a whole lot of work because most of the work goes to minority companies. <I told this all to my family last night and my brother referred to my doing this as 'giving in to the MAN'> Having a company 'owned' by a women makes it a minority company. Being that I am the only women that works here, both of my boss' are not married, and I handle all the books already, I was first in line. We haven't talked about it in length yet, but I do know that I am going to suffer NO (bad) tax burden from this, I am going to get a promotion and raise--something I need desperately--and from how I understood things yesterday, I definately have at least on foot in this multi-millon dollar family business. I am at a point in my life, being a 21 year old single mother, that I need to 'get ahead in life'. I need to start building a foundation for my family. This is a great opportunity for me-'giving in to the MAN' or not. I a definately looking forward to the opportunity to grow educationally and business wise, as well as, financially. |
mommyof2 Member
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posted 12-14-2005 10:55 AM
Listen there is nothing wrong with giving into the man, just so long as you have someone like your accountant or a lawyer look over the paperwork to make sure there are no fine print or loop holes. It might be a good idea to enroll in a small business course; you want to ensure it’s a win/win situation. In other wards you don’t want them to just simply use your name to benefit the company without taking into consideration that there has to be something in it for you too. As for the raise, you definitely have the leverage to make substantially more. Listen you may also want to mention year end bonuses that reflect a certain percentage of the net earnings for each year. Good luck! |
reasmon Member
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posted 12-14-2005 11:41 AM
Thanks for the advice guys.My dad has a lawyer friend who has handled all our families small court needs, i.e. traffic tickets. I am thinking about asking my dad to see if he will look into this, when we get it all together. The company I was hired by, IFS, has been in business since 1923. Right now, the company is owned by a father and son, but it has been in the family since day 1. There are only the dad, son, me, and one project manager, that are actually 'employees' and here every day. So, we are a pretty close knit group. I am completely confident that they wouldn't ever do anything 'bad' to me, but I am still definately going to have someone else look things over. It feels good to make this kind of progress in life. I have to say I am proud of myself. And thank you all for your kind words and advice. |