I'll check back to see if anyone does advise.
Oh my god! The Manageing partner asked me and Madeline if we want to be considered for partner at year end 2013! We would have to make a CAPITAL contribueteion of $100000 but we would be immediately available for account profit shareing! I said I think so but I don’t have any saveings other then my 401k. The Manageing partner said I could borrow from my 401k and then just pay myself back includeing interest which will be DEDUCTEABLE!
My dad was thrilled but does not think I should have to put in CAPITOL, or of I must, then no more then $10k.
What does the HIVE think???? Is there a protocoll I should follow?
I want to be a partner but am confused?