I Co-Own a Business With My Divorced Parents

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 21 June 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Joining me today is Ramsey personality, Dr. John Deloney.
0:15.8	Curtis is with us in Sioux Falls, South Dakota.
0:18.2	Hi, Curtis, welcome to the Ramsey show.
0:21.2	Hi, Dave, thank you for Ramsey Show. Hi, Dave.
0:21.8	Thank you for taking my call.
0:23.1	Sure.
0:23.5	How can we help?
0:26.0	A little backstory.
0:28.0	In 2019, my folks started going through a divorce,
0:33.3	and they own a construction company,
0:36.4	and they volunteered to make me a 10% owner before the divorce was filed.
0:42.7	It's been a two-year battle since then.
0:46.1	We've turned the company around a lot, and we did a mediation yesterday.
0:50.9	And I'm kind of torn on how to do some of the financing of the buyout.
0:56.0	You're buying them out?
0:58.0	I'm, my dad is buying my mom out and I'm just kind of helping him along the way.
1:04.0	Okay, you're helping him by advising him.
1:09.0	Correct, correct, yes. You're not co-signing advising him. Correct, correct, yes.
1:11.6	You're not co-signing for him.
1:14.1	No, no, I can't, no.
1:15.8	Okay.
	...

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