Collective talent is called a Company

Discussion in 'All Things Boats & Boating' started by ratrace2, Nov 29, 2008.

?

You are in a burning plane and going down fast:

  1. Do you try to regain controll all the way down?

    2 vote(s)
    66.7%
  2. Do you bail out and risk significant injury?

    1 vote(s)
    33.3%
  3. Do you use the last bullet in your pistol

    0 vote(s)
    0.0%
Multiple votes are allowed.
  1. ratrace2
    Joined: Dec 2007
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    ratrace2 Senior Member

    let me just editorialize for a moment:

    I have been listening to the rants--mostly about compensation..etc.-- from many diverse people on this site for the last year. I, actually, liked it; for a couple of different reasons, it proved to me that if you keep working for somone else you are going to get about 30% of what you are worth.

    Now, here is this question.

    What if:

    We get a designer to design a boat?
    What if we get 50 people to finance a boat? or less......
    what if we get 10 people to build a boat?

    what if we get 2 people to sell a boat? maybe we just charter it......Maybe we just keep it.....

    What if we get all of these people to become part of a Limited Liabiltiy company--actually Partnership-- to pull the whole thing off.......it is really that easy.. Just think, in about 18 months from now you could be stepping the deck of something like this, and it would be yours......well, part of it....

    Anybody want to just shut up and just do it?????

    ____________________________________ "$2000 get's ya in" ___________________________________________________________

    Regards, Ratrace2
     

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    Last edited: Dec 2, 2008
  2. PAR
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    PAR Yacht Designer/Builder

    Jerry, you fall in the grog barrel again?
     
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  3. ratrace2
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    ratrace2 Senior Member

    what's wrong you don't like my idea??
    I'm trying to get people together so we can layup that 60 ft'er in your back yard....
     
  4. PAR
    Joined: Nov 2003
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    PAR Yacht Designer/Builder

    Yea, that's just what she'd love to see happen in the back yard. I could tell her it's an above ground pool. You've met her, maybe you can tell her. Eat your Wheaties, 'cause I think she can take 'ya.
     
  5. Stumble
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    Stumble Senior Member

    How in gods name are you going to get 10,000 people to agree on one design to build? Not to mention I think this may be the wrong time to start on a new boat company.
     
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  6. ratrace2
    Joined: Dec 2007
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    ratrace2 Senior Member


    Stumble,
    Actually, I have scaled that down to 50 people, and $2000 each.....that would get $100,000 to start.
    That should get us a Hull and motors. . . . . LOA: 60 ft'er; Beam: 20 ft'er. Aluminum....
    A couple of 800HP Cats....

    I would buy maybe 5 shares, for $10,000. If someone wanted to buy 10 shares or 1 share that would work.

    Oh, it's not a boat company, it's more like a fractional ownership LLP.
    I was thinking that after the Hull and Motors were in we could offer another round of shares to the members or just sell her outright for cash.
    Could probably get $300,000 for her.
     
  7. ratrace2
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    ratrace2 Senior Member

    Par,
    Oh no, I'm not going to tell her, you tell her......I'm not stupid.....
     
  8. Stumble
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    Location: New Orleans

    Stumble Senior Member

    Hmm, if you can tell me where you plan to get two 800hp cats for this price range let me know. I would guess they are going to run about $40,000 each. Which doesn't leave a lot of cash left over to build much of a hull.
     
  9. timtap
    Joined: Nov 2008
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    Location: Paignton Devon England

    timtap New Member

    Do you know you lot over the pond are about as mad as a bucket of frogs.

    AND MADNESS IS A NECESSITY TO START IN THE BOATBUILDING BUSINESS !

    GO FOR IT !!!!
     
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  10. ratrace2
    Joined: Dec 2007
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    ratrace2 Senior Member



    Now that's what I'm talking about.......

    I like you, You're IN.................
     
  11. ratrace2
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    ratrace2 Senior Member

    so we get used, or something smaller.....go get a quote....
     
  12. ratrace2
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    ratrace2 Senior Member

  13. eponodyne
    Joined: Aug 2007
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    eponodyne Senior Member

    Give my money to an essentially lawsuit-proof collection of people I don't even know from the Internets? What could possibly go wrong there??


    What the hell, man, are you from Nigeria??
     
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  14. ratrace2
    Joined: Dec 2007
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    ratrace2 Senior Member

    Eponodyne,

    Basically, if spending $2000 dollors on a project would put in some sort of financial strain, it wouldn't be the kind of project you would want to undertake, right now.


    Well, first of all, an LLP is not a law-suit proof entity.
    To become a member you would have to sign a partnership agreement;
    registered with the Secretary of State, New Jersey.

    and No I'm not from Nigeria? NJ....a little south and to the left of you.
     

  15. ratrace2
    Joined: Dec 2007
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    Location: NJ USA

    ratrace2 Senior Member

    Where in the upper mid west are you???

    and stop eating out of the cat's bowl!!!!:)
     
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