stpat1: Pls Note: Answers to these questions are without Prejudice or prepossession.
Yes, I believe every to-be Partner already knows its a Multi Million Naira business
> I totally agree with you, Transparency cannot be overemphasized so I urge every aspiring partner to ask question about aspects that seem ambiguous to him or her, so It can be well explained and addressed.
> I tried to answer evanstical's question as much as I could, but if there are still some grey areas you want addressed, Pls It will be more appropriate for you to highlight the areas so it can be addressed or readdressed. I'll really appreciate it.
Yes. For a biz to be registered as a ltd company, the CAC will request for more than one director up front. I'm very sure you got the Haulfast Logistics certificate that was mailed (olx odxlxjx <xrcxexiax07@yahoo.com> )out to you and other aspiring Partners. If you read it through you would have easily noted that its the business name that was registered and even at that, it was the 2 people that were available that were listed on it. After we have the board members we can then proceed to register the business name as a registered company.
> I'm sure you and will agree that its reasonably illogical to appoint or approve persons to be directors or shareholders when they are yet to be confirmed as Partners.
> The account was opened and now have 4 interested Partners as signatories. If you or any other aspiring Partner wishes a signatory to the account, Pls if you are free as it only requires an acceptable id (Your driver's license, Int Passport or National id will do). As at now, No Check book is nor will be issued to any of the signatories till we after the September meeting. "So be well informed that No one is Paying into my Purse"
The other signatories at the moment are (though I'm listing out their NL handle without their permission, but I guess they shouldn't any qualms with it)
yhemzy
pdozie
millhouse
As I said earlier, you are welcome to be part of the signatories. I will also like aspiring Partners (especially those that were not at the meetings) to know that, these signatories are presently only for security and funds safe guarding, signatories will changed after the meeting when we print out the statement of account and know the 3 partners with the highest funds deposited to join Me and one elected Partner as Signatories.
Ans: Though I'd have expected that you asked questions and request clarification as other aspiring partners have been doing, but its ok, I'll try as much as possible to disambiguate your concern.
> Importantly, I will like you and every other aspiring Partner to know that there is no special bonus or advantage for being a Board member or signatory to the account. All Partners are equal. There is no satisfaction until the faintest voice of a Partner is heard. Since all Partners get as Profit the proportion of how much they invested.
Example: If
Partner A invested #100,000
Partner B invested #250,000
Partner C invested #50,000
Partner D invested #400,000
Partner E invested #300,000
Total: #1,100,000
which means that
Partner A's investment is 9.09% of the total investment
Partner B's investment is 22.72% of the total investment
Partner C's investment is 4.54 of the total investment
Partner D's investment is 36.36% of the total investment
Partner E's investment is 27.27% of the total investment
So if the profit to be shared is #1,000,000
It means that
Partner A will get #90,900
Partner B will get #227,200
Partner C will get #45,400
Partner D will get #363,600
Partner E will get #272,700
With this fully understood, Why would anybody want to compete with anyone. You can only give what you have for what you believe in. As at now, no Partner knows how much is being deposited by other Partners. Its at the meeting that we will know who deposited how much from the printed statement of account.
Ans: I believe questions relating to Directorship have been answered above
> Aspiring Partners resolved at the meetings held that the exit window should be after 2 years. Well Investor can negotiate their entry and exit duration.
Ans: There are no alternatives to it. It is in clear terms. After a 2 year duration, The current 3 Partners with the highest Funds become members of the board and signatories to the account with 1 elected member.,
Ans: Pls all aspiring Partners should feel free to ask questions where they need clarification. Feel free to demand why and how certain resolutions were met etc. I will also beseech you to endeavour to be at the next meeting so you can be part of decisions taken and air your opinion. Your input will go a long way in Positively positioning Haulfast Logistics for the better Future.
See you at the Top.
Patric
Haulfast Logistics
http://haulfast.gnbo.com.ng/
https://www.facebook.com/haulfastlogistics . HABA OGA PAT, I SALUTE YOU O. Indeed you have done it so well. May God continuously Bless You. All answers have cleared my Concern and by God's Grace i will beat the Deadline. My only Question is this: assuming i decided to Beat the Deadline OF August 31st but do not have much and Decided to Invest #10,000(very small, yes i know that) and by Middle of September i want to Add more fund to take it to #50,000 or even more. How possible is this and is this Simple Logic acceptable . I NEED TO KNOW. Good Morning to You |
Business › Re: Interested Partners For The Haulage Biz Meet Here by Rhemite(m): 8:25am On Aug 04, 2013
