Tell me if this is a good deal for and Ower Operator guys

Hi im new here to this forum but long time o/o
With those numbers in today's market
Your take home pay may be $1900.
Not counting truck maintenance not sure who pays that when renting.
Never pay more than 10% whith your equipment

 

You're the one who is renting it and leasing on to a company so it is your equipment.
Try to negotiate 10% and see how it goes till u can purchase your own equipment with lower payments

 

First and foremost, while this is a deal your working out with a long term and close friend. That relationship is over, and has little value now that you are a form of business partner. That is what your doing, forming a partnership.

Like any business partnership, the details Need to be worked out, the put into a document that spells out all the “W”s who, what, where, when, and even the hows.

Why is a documented agreement important. It is to provide a plan and protect both parties.

We do what we say, we say what we do and here is the documents to prove it.

Why get this type of documentation.
Simple, when your “Freind” gets into some legal or financial problem, any and every lawyer will be looking at you for potential recovery. A handshake and good word agreement does not protect you from the liabilities of the others.

 

Ok I understand now
Give it a chance you can make money there too.
Later on if u find a better fit for you tell your bet frient its nothing personal its just business. I hope your friendship can overcome that cause mine didnt.
Best of luck to you