This might be an option too. My friend's Father retired and left his business to his 2 sons. While one brother was doing 90% work, the lazy one was taking 80% profit. My friend was trying to fix this for few years. Father didn't want to be the judge and any attempt to talk with "lazy" brother and fix it was a fail. The hardworking brother divided everything on half (tools, cars, everything). He rented a new office and started new company. He contacted all customers and informed them that he is starting new business alone without his brother. Most of the customers never heard about the "lazy brother" and they followed him. He handed his brother and father the keys, and his resignation. Of course the Original company went out of the business within few months. He become the black sheep of the family, but he is successful business owner now.
sounds like my family. dad complains about how my brother is lazy, never answers his phone. i am the opposite. but we get paid the same. confront him about it and says its about being fair. i say ya na ya na ya na. long story short I'm getting a new career. the family business is now my second job.
There are so many people have no conscience or honor. Be fair, treat others the way you want to be treated. Too much selfishness exists in the hearts of mankind. Thankfully about 50% of people in this nation have a sense of what is fair, in my opinion.
I did exactly that … was in businesses with my father, who I found out with a degenerate gambler - he was stealing money, hiding profits and refused to give me access to the business bank account.
This, very much this. I get that Dave gets emotional over these things but his advice is going to get the guy in legal trouble. If you have the money to pay a worker that doesn't work, you have the money to hire an attorney.
Exactly. When he confronts his brother, he needs to present a time table, like "you have until date x to pick option 1 or 2. Else, I'm moving on option 3."
Unfortunately, the devil would be in the details - he can’t invent a new company out of thin air, it takes enormous capital - which he probably doesn’t have unless he sells the company he has. Too, his current company probably has debts that can’t be walked away from.
@@FR-tb7xh No he can easily get a loan by using the financials from previous company, in fact he could sell all the equipment from old company to new company on a payment plan that is low and takes years to pay off too.
I wish he had asked more questions . If the brother is taking care of the dad . What his role in the company he sounds 70 . Dad's 90 . He is most likely just pushing some paperwork around
@@JacobsNews Good point there are 2 sides to every story. If he is looking after real estate and Dad that might be a fair bit of work that the caller isn't appreciating.
I don’t know why I’m constantly shocked at how scared small business owners are of making the right decision, especially with family is involved. Whoever thought this ownership structure was a good idea was insane and letting us go on for four years is even worse.
I am no business person of any sort, but that structure worked as long as both brother’s equally contributed. I think probably it should have been set up differently though in order to avoid problems. What is interesting is how long it worked.
A peaceful Thanksgiving is a heck of a motivator. There are a lot of families out there who don't talk to one another and I think that's where this guy is coming from. But jeeeeeeez I would not have gone into a partnership with family in the first place.
@@lilolmecjexactly. There was nothing wrong with it until(according to the caller) the brother stopped wanting to work. People like to leave big details out of stories etc. I bet it's something like the brother moved back to take care of dad. Dropped it all and did it for dad so that's why the dad is on his side.
Another option might be to take the workers and start a new company. Shut down the existing company , get a fair estimate of the value for the trucks and tools, then give brother his 49 percent and dad his 2 percent and keep the trucks and tools, Subtract the 4 years wages and the value of his free truck. Once it's done, you have the trucks, tools, workers and customers. for your new company.
I bet he's leaving huge details out of the story. Sounds pretty farfetched someone would think it's ok to keep taking a salary and keeping a company vehicle if they're not working
@@pearlbubbles6885 I would believe it if dad wasn't siding with the brother. If we were all that father than we all would tell the brother to get off his ass and go back to work
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He should have had this conversation with the brother about 3.5 years ago. It's hard to get tough when you've set a precedent of weaknesses. Change the locks, order the truck returned or file charges for unauthorized use which will get it seized upon 1st contact with LE. Go to the bank and open new accounts to transfer business accounts without him having signature authority.
I'm not sure if you guys actually listen to the phone call his brother and dad have 51%. That means they have controlling interest if they vote with each other.
Don't tell your brother that you are going to give yourself a raise, just do it and it will show in the bottom line. Tell him you are no longer going to provide insurance to his vehicle, give him the pink slip and tell him to put it in his name. Reduce his next profit check by the honest value of the vehicle. Make sure you give him a receipt for the vehicle and let the DMV know that you no longer have an interest in the vehicle, there are forms for this. Buy yourself some liability insurance to cover if they sue you.
And the wages factored in of brother not working for 4 years that the other brother had to take that on that extra work should be figured into that equation. Man. Family business is hard.
What good is it the majority vote if they do nothing to operate the company? The caller has all the actual power, because he's the only one who goes in every day and does all the things. He's the boss.
A person who can destroy a thing owns the thing. If the caller stops stops, the money stops. He can then go form a different company and just take all the business.
It's always a sticky situation when dealing with family. Whether it be business or a will. I think this man really just wanted to keep the peace within the family,and that's why he put up with it for so long, but sometimes you have to speak up. I hope it goes well for him and the family understands and can resolve this peaceably, but I have my doubts.
My uncle had a business. His sons worked for him. One son kept stealing from the business. My uncle fired the son. The son didn't talk to the family. I don't think he came to my uncle's funeral.
This is a tale as old as time. One brother has a strong work ethic while another brother gets to skirt by, all the while, the parent does nothing to interfere because that would take work on their part. As a parent of smaller children, when I see this inequality in the dynamic, I am especially hard on the one the expects all the help so that this doesn't happen when they grow up!
If the caller is in charge of operations but his father and brother have controlling interest in the company, I don't understand how it's as simple as Dave said. He has 49%, his brother has 49% and his dad has the deciding 2% but he said Dad was in his brother's pocket so he would undoubtedly side with brother in this dispute. If he decided to give himself a hefty pay raise could the other two come in and veto that and fire him and get someone else to run the company, putting HIM out instead? I would love to see an update as to how this played out.
With Dave is referring to is a operating agreement of the actual business and if that operating agreement doesn't detail anything specific then it's up for grabs as to what happens. So since the brother basically has the keys and the checkbook and full control of the operations he could pull a coup like they've said. Essentially they'd have to take him to court and fight it out but at that point it would be more wise for them It would force the option that Dave is actually pushing. Business is a lot more than just percent ownership
@@cheezeball6109not to mention they have no written agreements so there’s nothing whatsoever stopping him from just founding a competing company and hiring away whoever he needs and taking all the customers. Honestly I’d keep that option in my back pocket before going nuclear. Tell them you don’t want to pay him any more and weight that as an option. Start the competing company without telling them and just start signing customers.
The solution is to use his end of the profits to buy equity from his brother until its 98% him and 2pc his dad and brother gets no share Thats the right thing to do and wont spoil a brothers relationship
Good advice. 4 years not contributing to the business, all he is entitled to is 49% of the profits. You bet the lazy brother will blow his top. Too bad. The caller does, in my opinion, need to retain a business lawyer, if for nothing else I believe his brother will get a lawyer.
A local GREAT very popular restaurant closed. They had a "sell it to the walls" week. The owners mentioned to me that, having had a large family, everyone wanted a piece of the pie even if they didn't work much. So the parents, elderly now, decided to sell and close and retire. Idea: Let your brother sort out what's a fair deal for you and for him. Then take the pile he intended for himself. Fair, right?
I love how you put the family togetherness at the heart of your suggestion which is really such a great choice of options. We do need to grow up and put negotiation on the table and not get frustrated by not doing it. Even when it's hard and conflict ridden
So wait how is it 49/49/2 without a written agreement? Whose name on the bank account? the annual report filings? If no one else is listed, that person can take it all.
Those hvac companies are all the same. it's all in dads name . He probably just goes to the office and pushes paper around, and says I run this company 😂😂 he has got to be 60+ dads 90
@@JacobsNews I'm surprised Dave didn't harp on this. If Dad started the HVAC company and "passed it" 49-49 to his 2 sons with no written agreement, isn't the business still really's Dad's? He might have final say on how this shakes out. The real estate side sounded like a totally separate interest between brothers. Caller might be hosed on the HVAC side.
So right on!! family and business are so difficult to work with together. Dealing with this right now, and its so hard to do what makes sense financially, yet upsets family. Good advice Dave!!
Lawyer up, change the locks, stop cutting the paychecks, raise your salary to compensate you for doing your brother’s job. No matter what guilt trips they try to lay on you, remind them who is wrong. Never apologize for doing the right thing. Bottom line the entire family disrespects you if they come take your brother’s side in this matter. Remember my first admonition, Lawyer up after doing some research to find a qualified attorney who comes recommended, preferably. Now, spend some time with your father . Lovingly let your father know your concerns without laying down demands immediately. Maybe ask Dad’s advice just to get an upfront and personal discussion started, one on one. You will get a better feel for how things are headed.
I worked for a company that was family run, far too many relatives taking out of the pie without adding into the pie and the business went belly up after years of being in business.
I envy this guy, at least he has the means to do something. My business partner just changed the locks and cut me off from everything after I repeatedly asked for the yearly 3rd party audits of the financials he's contractually obligated to provide. I was asking for these because I'm 99% certain he is embezzling six figures from me. Now I don't have the means to press charges and get what I'm owed. Get what you deserve man, a lot of us are getting screwed out here.
This is advice for a true businessman. A shark can pull this off. If you're a regular guy running a business, your counterpart will call your bluff. You have to be honest with yourself on which one you are before you act.
Tricky one with family involved, I think your play is right though. Renogitation of the terms needs to happen, a buy out seems like the correct way to go.
So I normally don’t comment but noticed no one else talking about the fact that the caller said their Dad is 90 so unless their Dad had them way late in life the brothers are probably in their 60’s at least. I kept waiting for Dave to ask but he didn’t. Maybe the brother just wants to retire but I agree he went about it the wrong way. Their should have been some conversations about how to accomplish that. But I wouldn’t necessarily say he is being lazy. There just comes a time that people realize there is more to life than working yourself to the bone until your in the ground. But again he should have been upfront and said I want to retire or slow down how can we make that happen?
This is familiar to my son and my brothers business, my son owns it and my brother was doing jobs for cash behind his back and not reporting it. That’s more than likely what is going on here. His brother is using his own personal company truck doing side jobs for cash plus getting a paycheck from the company. Awful.
Working with family is the worst. Love my family, but it is so hard for folks to separate work life from family life sometimes. Seen good businesses go belly up due to one spoiled brother or sister in a family business ruining it for everyone.
"It speaks to his lack of character". True Dave. But this situation also speak to this guy's lack of backbone. 4 YEARS of free salary? Now he's finally breaking down. Me and my brother are extremely close, like besties and this would never fly. Maybe 1 year just because of the pandemic but this has gone on way too long.
He can tell his brother and dad that no one will get paid if he decides he doesn't want to work either. This is nuts that they expect this man to support all of them.
Good grief, don’t buy out the brother and father. They don’t deserve a cash buy out. Close the business in that name; set up a new company. Let him keep the truck as compensation. Having family in business with you is one of the most frustrating things that can happen. I know this….. from experience.
@@cherrypieforbreakfast1499 It was brutal. I ended up having to cut my family off and one of my family member withdrew thier equity which left the business with no cash. It left me with a business with no clients, employees, no money, and fractured family relationship. Brutal
the brother will probably say he will come back to work and then show up when he feels like it. he will have unlimited excuses not to be there and even when he is I don't think he will do much except make it uncomfortable and be a pain. I think the only one that would work is if he buys out the dad and brother but they wont want to because they get paid to do nothing by the way the brother knows that what he is doing is not right but he also know that his brother is scared to tarnish their relationship which is quit manipulative
Change the locks and remove all bank information from the office before you confront them. If possible change banks so they don't know where the money is. Have the truck repossessed as a company vehicle(company asset)and get it towed back to the shop.
Had to threaten to go to step 3. Older brother had control but did very little his last 5 years before he got sick. Did nothing but provide signatures for 1.5 years while sick but pay scales remained same. When he told me my brother who was my friend but terrible employee and was disliked by employees would be my 49% partner, I had to go there. Like a divorce with 2 wives.
Easiest is tell them you're either going to sell your 49% to someone Else, they can buy you out. If they say no to both, gift your half to them and go start your own business.
You need to make sure they don’t have access to the accounts, or it could backfire….big time. I do agree you need to have an attorney in your back pocket before you escalate the situation.
This might be an option too. My friend's Father retired and left his business to his 2 sons. While one brother was doing 90% work, the lazy one was taking 80% profit. My friend was trying to fix this for few years. Father didn't want to be the judge and any attempt to talk with "lazy" brother and fix it was a fail. The hardworking brother divided everything on half (tools, cars, everything). He rented a new office and started new company. He contacted all customers and informed them that he is starting new business alone without his brother. Most of the customers never heard about the "lazy brother" and they followed him. He handed his brother and father the keys, and his resignation. Of course the Original company went out of the business within few months. He become the black sheep of the family, but he is successful business owner now.
sounds like my family. dad complains about how my brother is lazy, never answers his phone. i am the opposite. but we get paid the same. confront him about it and says its about being fair. i say ya na ya na ya na. long story short I'm getting a new career. the family business is now my second job.
That is a nuclear option. It is an honor to be the black sheep in an abusive family
There are so many people have no conscience or honor. Be fair, treat others the way you want to be treated. Too much selfishness exists in the hearts of mankind. Thankfully about 50% of people in this nation have a sense of what is fair, in my opinion.
I did exactly that … was in businesses with my father, who I found out with a degenerate gambler - he was stealing money, hiding profits and refused to give me access to the business bank account.
I think this would be the best way to go.
It is so strange how often parents side with the child they obviously raised poorly.
Sounds like my mom unfortunately.
exactly my mom
Also my mother
It happens a lot
It's guilt! They think they did something wrong to why that child can't "do", "go", "have". No silly parent, that child just made bad choices
I'd get an attorney before they do. Then push forward.
This, very much this. I get that Dave gets emotional over these things but his advice is going to get the guy in legal trouble.
If you have the money to pay a worker that doesn't work, you have the money to hire an attorney.
Good idea
That was my first thought. Gotta get a lawyer.
Attorney charges you $500 an hour and all the profits will be gone to someone outside of the family
You mean "some off-the-cuff advice from Dave Ramsey" isn't gonna cut it?
He’s gonna try to call your bluff, so you have to make sure you’re NOT bluffing and in turn call HIS bluff.
Meet with Dad alone 1 hour in advance. 1 piece of paper.
3 options, big print. He needs to get concept in a calm environment.
Then bring in brother.
Absolutely right. Never make an ultimatum until you've first done the internal emotional work to be ready to follow through with it.
Exactly. When he confronts his brother, he needs to present a time table, like "you have until date x to pick option 1 or 2. Else, I'm moving on option 3."
And the locks need to be changed yesterday.
Take the 10 guys and create a whole new company and leave your brother and Dad worth zero!
This is great advice. There is nothing that says he can’t start his own company and take the workers with him.
Take a four year bonus in your final pay before you restart with a new company.
Unfortunately, the devil would be in the details - he can’t invent a new company out of thin air, it takes enormous capital - which he probably doesn’t have unless he sells the company he has. Too, his current company probably has debts that can’t be walked away from.
@@FR-tb7xh No he can easily get a loan by using the financials from previous company, in fact he could sell all the equipment from old company to new company on a payment plan that is low and takes years to pay off too.
@@FR-tb7xhyou can in fact "invent a company out of thin air" for about 300 bucks. Nothing complicated about it
4 years not working and getting paid a salary. Sounds like a great deal to me🤣
I would have a conversation the week he left
@@georgewagner7787Absolutely. How does anyone allow that to go on for four years?
@@georgewagner7787not unless the parents get involved. Toxic parenting is the issue here.
@@leejaceyou can hear dad telling the caller to don't be greedy
why would brother want it to change? he got$$ for four years.
I'd love to hear the conclusion of this situation.
Me too!
Me three!! Must be nice to get a large paycheck and not work.
Me four
It's Texas it ended in a shoot out
However- I STILL want to know the result.
Dave gets emotionally invested in calls from people who are getting screwed
It makes life fun to set twerps straight.
I wish he had asked more questions . If the brother is taking care of the dad . What his role in the company he sounds 70 . Dad's 90 . He is most likely just pushing some paperwork around
Dave is talking out of his a$$ , look from the other spectrum of this situation, you would have legal rights to the business
@@JacobsNews Good point there are 2 sides to every story. If he is looking after real estate and Dad that might be a fair bit of work that the caller isn't appreciating.
I don’t know why I’m constantly shocked at how scared small business owners are of making the right decision, especially with family is involved. Whoever thought this ownership structure was a good idea was insane and letting us go on for four years is even worse.
That's why Dave talks against partnerships. They can definitely end relationships.
I am no business person of any sort, but that structure worked as long as both brother’s equally contributed. I think probably it should have been set up differently though in order to avoid problems. What is interesting is how long it worked.
A peaceful Thanksgiving is a heck of a motivator. There are a lot of families out there who don't talk to one another and I think that's where this guy is coming from. But jeeeeeeez I would not have gone into a partnership with family in the first place.
@@lilolmecjexactly. There was nothing wrong with it until(according to the caller) the brother stopped wanting to work. People like to leave big details out of stories etc. I bet it's something like the brother moved back to take care of dad. Dropped it all and did it for dad so that's why the dad is on his side.
@@tuckercase2449why not? Maybe they didn't think it was going to be something this big
Another option might be to take the workers and start a new company. Shut down the existing company , get a fair estimate of the value for the trucks and tools, then give brother his 49 percent and dad his 2 percent and keep the trucks and tools, Subtract the 4 years wages and the value of his free truck. Once it's done, you have the trucks, tools, workers and customers. for your new company.
With all due respect, Dave has the biggest balls in the business realm 🤣🤣
Easy to talk tough when you have no skin in the game
Yeah, it’s just business it’s not personal. Emotions will ruin a business.
Amen to that, brother!!!
I'd be tired of that set up 24 hours after it started
Caller has to remember, without him, there probably is no business since the brother/father won't do anything to run it.
I bet he's leaving huge details out of the story. Sounds pretty farfetched someone would think it's ok to keep taking a salary and keeping a company vehicle if they're not working
He probably feels like he is due it since he is managing the real estate. They are separate entities though so that part should hold no baring.
@@TzUuup I believe every word.
@@pearlbubbles6885 I would believe it if dad wasn't siding with the brother. If we were all that father than we all would tell the brother to get off his ass and go back to work
@@TzUuup people might be much stranger than you think.
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He should have had this conversation with the brother about 3.5 years ago. It's hard to get tough when you've set a precedent of weaknesses. Change the locks, order the truck returned or file charges for unauthorized use which will get it seized upon 1st contact with LE. Go to the bank and open new accounts to transfer business accounts without him having signature authority.
Option four, start a new business yourself, sole trader, and take your customers with you. Brother can be captain of a ghost ship
CALLER SHOULD JUST PLAY THIS CALL TO HIS FATHER AND BROTHER
Amen! Hard to believe this happens …but sadly happens all the time in Families !!! Getting paid to hand with dad and check on some properties!!! Omg!
Partnerships are tough. There’s always one person doing most of the work. Articulated paperwork a must!
And getting paid less.
Especially with family!
I can't believe this guy put up with this for four years. He clearly need to get a backbone.
Brother has a full time job working on his father’s Will
Exactly!
What a sweet tempered man. I feel so bad for him.
And hire an in-house office manager. 50-65k for her/ him.
Can.
Hire your wife in house office manager 150k a year lol
Change the locks BEFORE having the conversation.
and freeze the bank account if the other brother has access.
I'm not sure if you guys actually listen to the phone call his brother and dad have 51%. That means they have controlling interest if they vote with each other.
Don't tell your brother that you are going to give yourself a raise, just do it and it will show in the bottom line. Tell him you are no longer going to provide insurance to his vehicle, give him the pink slip and tell him to put it in his name. Reduce his next profit check by the honest value of the vehicle. Make sure you give him a receipt for the vehicle and let the DMV know that you no longer have an interest in the vehicle, there are forms for this. Buy yourself some liability insurance to cover if they sue you.
And the wages factored in of brother not working for 4 years that the other brother had to take that on that extra work should be figured into that equation. Man. Family business is hard.
love to hear how this one played out. I'm thinking early morning duel in the hay loft.
dude is getting a paycheck still
Dad and the golden boy have a majority vote. Good luck.
What good is it the majority vote if they do nothing to operate the company? The caller has all the actual power, because he's the only one who goes in every day and does all the things. He's the boss.
There's no actual contract!
A person who can destroy a thing owns the thing. If the caller stops stops, the money stops. He can then go form a different company and just take all the business.
Majority vote in an ownership agreement that is not written down.
And they don't want to work, so wtf are they going to do?
@@Gruuvin1 The boss should give himself a bonus, take the best employees, and start his own business without the deadweight.
It's always a sticky situation when dealing with family. Whether it be business or a will. I think this man really just wanted to keep the peace within the family,and that's why he put up with it for so long, but sometimes you have to speak up. I hope it goes well for him and the family understands and can resolve this peaceably, but I have my doubts.
He is also 60+. What's his role at this point . And did dad give them the company to run
My uncle had a business. His sons worked for him. One son kept stealing from the business. My uncle fired the son. The son didn't talk to the family. I don't think he came to my uncle's funeral.
This is a tale as old as time. One brother has a strong work ethic while another brother gets to skirt by, all the while, the parent does nothing to interfere because that would take work on their part. As a parent of smaller children, when I see this inequality in the dynamic, I am especially hard on the one the expects all the help so that this doesn't happen when they grow up!
I have my doubts the dude is going to implement Dave's advice, if this has gone on for 4 years it will probably go on.
I agree.
I just basically said the same thing.
I would LOVE to hear the follow-up to this story.
This was my first company. Always have EVERYRHING written down.
No way this guy has the spine
He's needs an attorney asap to help handle this.
The guy is upset, but is responsible for this mess. He let this situation continue for 4 years. Definitely needs to talk to an attorney first.
@@briangasser973 4 years pay for compensation is fair.
If the caller is in charge of operations but his father and brother have controlling interest in the company, I don't understand how it's as simple as Dave said. He has 49%, his brother has 49% and his dad has the deciding 2% but he said Dad was in his brother's pocket so he would undoubtedly side with brother in this dispute. If he decided to give himself a hefty pay raise could the other two come in and veto that and fire him and get someone else to run the company, putting HIM out instead? I would love to see an update as to how this played out.
With Dave is referring to is a operating agreement of the actual business and if that operating agreement doesn't detail anything specific then it's up for grabs as to what happens. So since the brother basically has the keys and the checkbook and full control of the operations he could pull a coup like they've said. Essentially they'd have to take him to court and fight it out but at that point it would be more wise for them It would force the option that Dave is actually pushing. Business is a lot more than just percent ownership
If they don't like what he does, all they can do is sue him. Then the court can force a buyout or sale.
@@cheezeball6109not to mention they have no written agreements so there’s nothing whatsoever stopping him from just founding a competing company and hiring away whoever he needs and taking all the customers. Honestly I’d keep that option in my back pocket before going nuclear. Tell them you don’t want to pay him any more and weight that as an option. Start the competing company without telling them and just start signing customers.
The solution is to use his end of the profits to buy equity from his brother until its 98% him and 2pc his dad and brother gets no share
Thats the right thing to do and wont spoil a brothers relationship
And nothing is in writing. This is an important point.
The father is telling this son to keep paying the other brother, saying shit like «do you really want to break up this family» ?
Dad's 90 guy sounds 70 . He is probably just pushing around some paperwork . 😂
The brother is breaking up the family by not doing his share. You don't have to be a doormat just to keep people happy whom take advantage of you.
Is this guy hiring? 4 years of no work and a consistent paycheck, Im putting in my application today!
It's probably dad's company 😂😂
Sell it and start on your own.
He would need his brother and father agree to it since they own 51% which is controlling interest.
Good advice. 4 years not contributing to the business, all he is entitled to is 49% of the profits. You bet the lazy brother will blow his top. Too bad. The caller does, in my opinion, need to retain a business lawyer, if for nothing else I believe his brother will get a lawyer.
A local GREAT very popular restaurant closed. They had a "sell it to the walls" week. The owners mentioned to me that, having had a large family, everyone wanted a piece of the pie even if they didn't work much. So the parents, elderly now, decided to sell and close and retire.
Idea: Let your brother sort out what's a fair deal for you and for him. Then take the pile he intended for himself. Fair, right?
Yeah, I love that strategy with idiots who want all the good stuff.
@@jamisojo the family members who actually work can open new restaurant to replace it.
Love it when it’s just Dave.
yep me too. i refuse to watch it at all when he has 1 particular female cohost on.
The brother was waiting for an excuse to "work from home". He got one.
Not a business owner but this is good info to know
What a maroon to allow his brother to get paid for more than 3 months without working.
Don’t bring the color maroon into this!
@@Kevintendo,tony probably meant "moron" 😂
A maroon doesn't know the difference between a year and a month.
@@peaceonearthgoodwilltoall4743 No, I meant maroon just like Bugs would say.
@@andrew8168 I know and it’s baffling he let it go past 3 months, let alone get to 3 years.
OMG! The 49 / 49 / 2 partnership structure is the dumbest thing ever.
I love how you put the family togetherness at the heart of your suggestion which is really such a great choice of options.
We do need to grow up and put negotiation on the table and not get frustrated by not doing it. Even when it's hard and conflict ridden
Time to dissolve the partnership and start his own business. Let lazy brother figure it out.
This is a reality show I’d like to see.😅
💕💕💕💕💕💕💕💕💕💕💕💕
So wait how is it 49/49/2 without a written agreement?
Whose name on the bank account?
the annual report filings?
If no one else is listed, that person can take it all.
Those hvac companies are all the same. it's all in dads name . He probably just goes to the office and pushes paper around, and says I run this company 😂😂 he has got to be 60+ dads 90
@@JacobsNews I'm surprised Dave didn't harp on this. If Dad started the HVAC company and "passed it" 49-49 to his 2 sons with no written agreement, isn't the business still really's Dad's? He might have final say on how this shakes out. The real estate side sounded like a totally separate interest between brothers. Caller might be hosed on the HVAC side.
So right on!! family and business are so difficult to work with together. Dealing with this right now, and its so hard to do what makes sense financially, yet upsets family. Good advice Dave!!
This is really good. Would love an update!
It took this guy FOUR YEARS to "get tired" of that? My gosh!! I wish I had a brother like that!!
Lawyer up, change the locks, stop cutting the paychecks, raise your salary to compensate you for doing your brother’s job. No matter what guilt trips they try to lay on you, remind them who is wrong. Never apologize for doing the right thing. Bottom line the entire family disrespects you if they come take your brother’s side in this matter. Remember my first admonition, Lawyer up after doing some research to find a qualified attorney who comes recommended, preferably. Now, spend some time with your father . Lovingly let your father know your concerns without laying down demands immediately. Maybe ask Dad’s advice just to get an upfront and personal discussion started, one on one. You will get a better feel for how things are headed.
I worked for a company that was family run, far too many relatives taking out of the pie without adding into the pie and the business went belly up after years of being in business.
So many of us are stuck with these unreasonable and selfish families..
He wants his brother to do all the work and give him the money. Who does that to their own brother? Tell him its over
Yeah, if his brother is going to act like this, he should probably bail.
Right. He’s been supporting his brother’s family.
you"ve never worked with a nacissistic brother?
NEVER, EVER do business with family, PERIOD. Been there and done that. SUCKED.
Great advice
I really want to know how this turns out.
Good advice
Sounds like the brother that does all the work needs to grow a set and take care of business.
The appliance end of the deal was always the easiest part of the business compared to the HVAC side.
SO GOOD! I’m dying to know what happened!
The other brother is completely happy cashing those checks.
I envy this guy, at least he has the means to do something. My business partner just changed the locks and cut me off from everything after I repeatedly asked for the yearly 3rd party audits of the financials he's contractually obligated to provide. I was asking for these because I'm 99% certain he is embezzling six figures from me. Now I don't have the means to press charges and get what I'm owed. Get what you deserve man, a lot of us are getting screwed out here.
This is advice for a true businessman. A shark can pull this off. If you're a regular guy running a business, your counterpart will call your bluff. You have to be honest with yourself on which one you are before you act.
Tricky one with family involved, I think your play is right though. Renogitation of the terms needs to happen, a buy out seems like the correct way to go.
Why not ask brother.....How long do you think I am going to pay you for a job you aren't showing up for or doing?
So I normally don’t comment but noticed no one else talking about the fact that the caller said their Dad is 90 so unless their Dad had them way late in life the brothers are probably in their 60’s at least. I kept waiting for Dave to ask but he didn’t. Maybe the brother just wants to retire but I agree he went about it the wrong way. Their should have been some conversations about how to accomplish that. But I wouldn’t necessarily say he is being lazy. There just comes a time that people realize there is more to life than working yourself to the bone until your in the ground. But again he should have been upfront and said I want to retire or slow down how can we make that happen?
This is familiar to my son and my brothers business, my son owns it and my brother was doing jobs for cash behind his back and not reporting it. That’s more than likely what is going on here. His brother is using his own personal company truck doing side jobs for cash plus getting a paycheck from the company. Awful.
Working with family is the worst. Love my family, but it is so hard for folks to separate work life from family life sometimes. Seen good businesses go belly up due to one spoiled brother or sister in a family business ruining it for everyone.
There goes Thanksgiving dinner!
Do you think “brother” might have dad on his side and now own 51%?
I wish ee got updates on stories. That would be a cool channel idea. Ramsey updates
It’s these ones that I want an update on, like did he follow through?!
Damn, go DAVE🤗
"It speaks to his lack of character". True Dave. But this situation also speak to this guy's lack of backbone. 4 YEARS of free salary? Now he's finally breaking down. Me and my brother are extremely close, like besties and this would never fly. Maybe 1 year just because of the pandemic but this has gone on way too long.
He can tell his brother and dad that no one will get paid if he decides he doesn't want to work either. This is nuts that they expect this man to support all of them.
Never knew Dave Ramsey had a show like this. When did it start?
Good grief, don’t buy out the brother and father. They don’t deserve a cash buy out. Close the business in that name; set up a new company. Let him keep the truck as compensation. Having family in business with you is one of the most frustrating things that can happen. I know this….. from experience.
Wish y’all did fallow up videos on how things turn out.
buy out sounds reasonable, but you have to factor in 4yrs of pay.....
That sounds like my brother when we bought our first truck. Finally went to the bank and closed the checking account and started another
...And get it in writing signed and notarized!!!
That is why I do not do family business. I invest my own way
Some tough "love" is in order.
would love to see the results on this one
He calls this show but not a lawyer 4 years ago???
Delt with this same situation a few years ago
Sorry to hear that. How did it turn out?
@@cherrypieforbreakfast1499 It was brutal. I ended up having to cut my family off and one of my family member withdrew thier equity which left the business with no cash.
It left me with a business with no clients, employees, no money, and fractured family relationship.
Brutal
These guys gotta be in their 60’s… the dad is 90.
The brother is basically retiring… just retire him already
Would love to know how this was finally resolved.
But… hire a lawyer to help you and avoid using the word violent
This is a bad family situation that will not end well 😢
The only way to do it.
the brother will probably say he will come back to work and then show up when he feels like it. he will have unlimited excuses not to be there and even when he is I don't think he will do much except make it uncomfortable and be a pain. I think the only one that would work is if he buys out the dad and brother but they wont want to because they get paid to do nothing by the way the brother knows that what he is doing is not right but he also know that his brother is scared to tarnish their relationship which is quit manipulative
Change the locks and remove all bank information from the office before you confront them. If possible change banks so they don't know where the money is.
Have the truck repossessed as a company vehicle(company asset)and get it towed back to the shop.
Had to threaten to go to step 3. Older brother had control but did very little his last 5 years before he got sick. Did nothing but provide signatures for 1.5 years while sick but pay scales remained same. When he told me my brother who was my friend but terrible employee and was disliked by employees would be my 49% partner, I had to go there. Like a divorce with 2 wives.
Easiest is tell them you're either going to sell your 49% to someone Else, they can buy you out. If they say no to both, gift your half to them and go start your own business.
You need to make sure they don’t have access to the accounts, or it could backfire….big time. I do agree you need to have an attorney in your back pocket before you escalate the situation.
Only I would not say it that way, Dave. A gentle word turneth away wrath.