Though studying and learning are great, the best and most usable knowledge comes from pounding the street, talking to others, listening to their successes and failures, and not being afraid to DO it!

@Leander HendersonYou should be upfront with the seller what your intentions are and what could happen.Making promises that you can not keep will guarantee failure. 

Some of the issues that would be addressed are: Death or Serious Disability of a Partner/Member;Withdrawal;Assignment of Interest;Failure to Contribute Subsequent Capital Contributions;Material Breach of the Agreement; ETC....Any potential issues that could arise during the operation of your business, should be talked about before the creation of any type of entity; then once discussed, put down in writing in the agreement so each person agrees to the outcome BEFORE it even happens.In the event that a Partner/Member violates one of the provisions of the agreement, they then become personally liable for any damages caused by such breach. 

Some of the wealthiest people in history have said that it's tenacity, resilience, and hard work that make the biggest difference between success and failure in business. 

You may also take up the issue that their previous failures to properly reply can not create a greater interest liability onto the payoff.  

They share successes and failures, so you can see that everyone makes mistakes and you can learn from them instead of making their mistakes, too.

You are exactly right about telling them to write their name and their failure to follow instructions.  

The permission granted in this Pet Addendum shall be limited to a certain pet named and described as follows:Name: Type of Pet: Breed: Color: Should the Tenant fail to comply with any part of this Pet Agreement, the Landlord reserves the right to revoke permission to keep the pet.In such event, the Tenant agrees to permanently remove the pet from the Property within 48 hours of receiving written notice thereof from the Landlord; failure to comply with same shall be grounds for immediate termination of the Florida Residential Lease Agreement.

It is said we should all learn from our mistakes, but I would rather learn from someone else's mistake so that I don't have to suffer that failure.

In determining whether the company is the alter ego of the individual, Ohio courts consider the following factors:(1) grossly inadequate capitalization, (2) failure to observe corporate formalities, (3) insolvency of the debtor corporation at the time the debt is incurred, (4) shareholders holding themselves out as personally liable for certain corporate obligations, (5) diversion of funds or other property of the company property for personal use, (6) absence of corporate records, and (7) the fact that the corporation was a mere facade for the operations of the dominant shareholder(s).The Ohio Supreme Court has recently revisited the Belvedere test in Dombroski v.