10-16-2008, 09:29 PM
His explanation for no license is that he only does residential so he doesn't need one.
I don't know licensing law in Ohio, so it may be true.
It's interesting that this business that he wants to buy is 250K - the starting point for the tax
(providing he is talking net not gross) I have a friend that has a small successful family plumbing business
that employs about 6 guys and none of them are netting 250K
He also has several tax liens against him so I'm guessing he may have a little trouble with financing
unless Grandpa Chuck is gonna pull it out of his plumbers butt crack.
From BGnR's link - apparently he is required to be licensed ..... ooopsie !
I don't know licensing law in Ohio, so it may be true.
It's interesting that this business that he wants to buy is 250K - the starting point for the tax
(providing he is talking net not gross) I have a friend that has a small successful family plumbing business
that employs about 6 guys and none of them are netting 250K
He also has several tax liens against him so I'm guessing he may have a little trouble with financing
unless Grandpa Chuck is gonna pull it out of his plumbers butt crack.