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-   -   Quick! I need a high five... (http://www.canreef.com/vbulletin/showthread.php?t=69284)

ScubaSteve 10-28-2010 12:34 AM

Quick! I need a high five...
 
Just signed the documents officially incorporating my company! Almost a year of stress and hard work are finally coming together and we are hitting the ground running!

Feels good!

Just needed to share/vent!

ALang 10-28-2010 12:44 AM

Hi five! Good job! As a small Business owner, incorporated, I sure know how you feel. Sit back and celebrate. Then the hard work begins...:mrgreen:

The Grizz 10-28-2010 12:49 AM

Good deal I just hope if you have any partner's that you have a rock solid shareholders agreement and have checked them out full so they don't screw you over like mine did. NEVER NEVER EVER EVER AGAIN will I have a partner in a company. Went from doing 1/2 a mill a year to almost losing my acreage and every thing else I own.

Good Luck it is a tough go for some but if you work hard at it you will do well. I have started over again from scratch and it has not been easy.

ScubaSteve 10-28-2010 12:53 AM

Thanks man! Oh, we're going HUGE business if all goes well... the hard work is going to be killer but fun!:biggrin: (AND I'm doing this on top of my PhD... so Yikes!)

We're excited to see where this goes!

ScubaSteve 10-28-2010 12:56 AM

Quote:

Originally Posted by The Grizz (Post 559806)
Good deal I just hope if you have any partner's that you have a rock solid shareholders agreement and have checked them out full so they don't screw you over like mine did. NEVER NEVER EVER EVER AGAIN will I have a partner in a company. Went from doing 1/2 a mill a year to almost losing my acreage and every thing else I own.

Good Luck it is a tough go for some but if you work hard at it you will do well. I have started over again from scratch and it has not been easy.

Tell me about it. I have 3 partners! But they're all good guys and we have a pretty solid share structure for ourselves. We've heard some bad horror stories from people. Not good!

I'm more worried about investors than the partners!

The Grizz 10-28-2010 01:05 AM

I thought my partner was a good guy to. He put in $20k to get the company started and I did all the work made all the money to buy all the equipment we had $300K worth just for him to steal all of it by threat's and force.

Investor's can be trick for sure. I need one of them right now myself but don't trust anyone anymore.

Can you give a little insight to what the company will be doing?

SeaHorse_Fanatic 10-28-2010 01:07 AM

Congrats. The best of luck to you with this new company.:biggrin:

Zoaelite 10-28-2010 01:08 AM

What's the business Kevin?

Lance 10-28-2010 01:28 AM

Congratulations! Good Luck! and "May the Force be with You"...............

Milad 10-28-2010 01:35 AM

his business is going to grow and sell weed if prop 19 passes in cali in November

Llamarama 10-28-2010 03:35 AM

YAY! *Cheer* !! Good news Congrats!

ScubaSteve 10-28-2010 06:40 AM

Quote:

Originally Posted by zoaElite (Post 559812)
What's the business Kevin?

We are developing a low cost, energy efficient water desalination technology for developing communities. More specifically, we are looking at communities affected by brackish water.

There are many communities around the world affected by poor water quality that have no means, at least in the forseeable future, of getting access to clean municipal water. Moreover, most can not afford the capital and maintenance costs associated with RO systems.

These communities aren't just rural; this issue is very prevalent though many cities world-wide. Initially we are focusing on the rising middle class of the hardest hit countries then expanding from there.

Our system is designed to be a low-cost competitor to RO systems. I came up with this concept a few years ago while I was traveling in South East Asia and experience these issues first hand. We are looking to launch our product overseas about this time next year; the office over there is being put into the works this Christmas.

I'm being tight lipped about it for now but I'll start to fill you guys in once we have patents and stuff all sorted. You can follow along on our blog while our website is being built. I don't mind having private email conversations if anyone has any interest or questions.

Quote:

Originally Posted by Milad (Post 559819)
his business is going to grow and sell weed if prop 19 passes in cali in November

No, that's the back up plan or retirement... we'll have to see how business #1 goes. My rule of thumb is to at least start legal first...:razz:

Delphinus 10-28-2010 07:07 AM

Sounds really keen. I hope you guys make a difference. Good luck!

dsaundry 10-28-2010 03:54 PM

The question is, when he makes it big will he remember all us little people?:lol:

globaldesigns 10-28-2010 04:11 PM

Congrats, and hope all goes well for you.

As one biz owner (INC.) to another, make sure you find a very good accountant or bookkeeper. Many/most don't have a clue about incorporation and the benefits it can carry in regards to $$$$$$. A good accountant/bookkeeper can save you lots.

Have fun, being self employed can have its stresses, but alot of benefits as well.

ScubaSteve 10-28-2010 07:47 PM

Quote:

Originally Posted by dsaundry (Post 559943)
The question is, when he makes it big will he remember all us little people?:lol:

Man, if we make it big I'll buy frags for everyone! :razz:

Quote:

Originally Posted by globaldesigns (Post 559944)
Congrats, and hope all goes well for you.

As one biz owner (INC.) to another, make sure you find a very good accountant or bookkeeper. Many/most don't have a clue about incorporation and the benefits it can carry in regards to $$$$$$. A good accountant/bookkeeper can save you lots.

Have fun, being self employed can have its stresses, but alot of benefits as well.

Tell me about! We are going to be running under some government tax programs for research and need to have IMMACULATE bookkeeping. If they audit us and we've got shoddy bookkeeping we'd get the proverbial "something bad in some place terrible":sad:

We've ended up with a pretty standard share structure with a few little twists. We're prayin' to god that we've done it right (got three MBAs working on this part so I trust them... I think:razz:).

Veng68 10-28-2010 08:16 PM

High Five ;)

http://www.youtube.com/watch?v=H6Y6L...eature=related

Cheers,
Vic


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