Yeah this guy's business was interesting. Since i would be the one whose over leveraged, i would be the one who holds on to all the liabilities. If the business does well, he's covered for his fees. If it does poorly, he's covered because he's not the owner of the collateral. It's like a super Jewish business 101, how do i pawn off the liabilities of my supremely terrible habits onto someone else
Yeah this guy's business was interesting. Since i would be the one whose over leveraged, i would be the one who holds on to all the liabilities. If the business does well, he's covered for his fees. If it does poorly, he's covered because he's not the owner of the collateral. It's like a super Jewish business 101, how do i pawn off the liabilities of my supremely terrible habits onto someone else
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