just say for example I get a 200k bankroll and I double it in one year. How do I account for expenses? Do they get taken out 100% or 50%. Of course I will try to get room comps, free airline tickets but really how much for food, ect should be taken out?
> just say for example I get a 200k bankroll and I
> double it in one year. How do I account for expenses?
> Do they get taken out 100% or 50%. Of course I will
> try to get room comps, free airline tickets but really
> how much for food, ect should be taken out?
You will have to discuss that with your investor. You should have all of these issues (and many more) resolved and written in a contract between you and the investor. You must both understand exactly what the other?s intentions are and how the partnership will function.
Blackjack Bluebook has many great chapters on team play including a chapter on expense reporting. That should give you an idea of how to get started.
-Sonny-
> You will have to discuss that with your investor. You
> should have all of these issues (and many more)
> resolved and written in a contract between you and the
> investor. You must both understand exactly what the
> other?s intentions are and how the partnership will
> function.
> Blackjack Bluebook has many great chapters on team
> play including a chapter on expense reporting. That
> should give you an idea of how to get started.
> -Sonny-
OK, thanks Sonny...
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