
#39 Mentoring notes with a roofing company, dried fruit business and a cleaning company
The Sweaty Startup
Do You Have a Social Security Number?
You need to talk to a lawyer about the concerns of sharing profits and ownership with someone who doesn't have a social security number. You'll pay upwards of forty percent on top of your pay roll in the form of workers compensation. Roofing is too risky, ah. It's a serious busines. So if i were you, i would want to be either very involved quoting, selling, taking more of the profit, or i'd be out. No way is an 80 20 split ever going to be worth it. That's not something that you're interested in doing. If we're looking for the cheapest roofer, we're not looking for great value," says John Sutter.
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