My silent partner wants to have more to say about business

I needed money to start our Heating and Air Conditioning repair service.

I had 10 years of experience and I was fatigued of making money for someone else.

I did not have undoubtedly good credit due to a divorce. My dad was going to co-sign for a loan, but a single of his business associates offered me a unusual route. The guy offered to become our silent partner. That guy put up all of the money necessary for a year of operations, equipment, and supplies. In turn, he wanted a portion of the proceeds. Both of us agreed to the terms of the deal and our partner agreed to a silent area of the business. I did not want anybody else trying to tell me how to run the day-to-day operations. I did not mind paying the guy for the loan, but I wasn’t going to have anybody else tell me how to run our business. The first time the people I was with and I had a disagreement about business, our partner right away said he wanted to have more to say about the day-to-day operations. I proserviced heavily and the guy eventually backed down. I need to find a way to pay off all of the money that he put up, so I can get him out of the picture once and for all. He clearly doesn’t want to be a silent partner. The guy calls me everyday for an upgrade on the Heating and Air Conditioning business. When sales are lower than expected, the guy tries to offer helpful advice although he doesn’t have the first clue about how to run a heating and air conditioning repair service.

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