alt Hacker NewsIf this was inventory they were counting, sure. But you can’t sell part of a small business. Let’s say the parents own a restaurant, and the value of the land, building, and kitchen equipment is a few million. Do they sell an oven from the kitchen to put you through school? Sell the parking lot?
It’s an all or nothing thing. The business needs all its assets to function, and shouldn’t be considered any more than for its income potential.
Replies
throwaway2037 • last Thursday at 4:01 AM
Lease back for land and building is definitely possible. Most capital efficient corps do not own their own land and buildings for precisely this reason.
➕ show 1 reply
Situation:
You have parents A, B and C.
- Parents A own a small business.
- Parents B sold their small business two years ago, and put the money in the stock market.
- Parents C just scrimped and scraped and over the years saved up money equal to parents A and B.
I’m not sure why you’re so hellbent on giving specifically parents A a free pass. Why the unequal treatment?