{"id":18782,"date":"2012-03-11T12:53:25","date_gmt":"2012-03-11T16:53:25","guid":{"rendered":"http:\/\/horizonsmagazine.com\/blog\/?p=18782"},"modified":"2012-03-11T12:55:15","modified_gmt":"2012-03-11T16:55:15","slug":"if-youre-co-responsible-in-a-business-know-whats-going-on-in-it","status":"publish","type":"post","link":"https:\/\/horizonsmagazine.com\/blog\/if-youre-co-responsible-in-a-business-know-whats-going-on-in-it\/","title":{"rendered":"If you’re in business with anyone, know what’s going on in it"},"content":{"rendered":"
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Dear IRS: We owe what?<\/p><\/div>\n

A dear friend and her husband have been in business together for 23 years. \u00a0She handles the clients and he handles all the bookkeeping, the billing, the vendors and the taxes. \u00a0He died three months ago. \u00a0She is just now going into the files for the business to get documents together for the tax accountant. \u00a0She finds no receipts have been kept, no check register maintained, a bank account and thousands in frivolous credit card charges that she didn’t even know about. \u00a0She never thought to not trust him with everything. \u00a0She’s never even opened the checkbook or mail — he handled everything, for 23 years. \u00a0 \u00a0 \u00a0DON’T DO THAT. \u00a0No matter how much you trust your partner, know what is going on if it is something you will ever be financially responsible for. \u00a0 (I personally never mix dollars and partners, ever: pre-nuptial agreements, separate bank accounts, each pays for their own, period — less hassles that way.) \u00a0They are only recently behind in paying bills, since records were not kept as to the source of money used for deposits that did not corelate to sales at the store that day or week. \u00a0She doesn’t know where it came from, but she could use it right now. \u00a0As well as our prayers. \u00a0She can use some prayers right now if you’ve got a moment.<\/p>\n

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