Two things.When creating a partnership no matter how you legally wrap it up consider what happens if someone dies, gets divorced, is sued for something unrelated, is injured if that person is hands on, etc.

My insurance agent says that in my state (NC) a liability waiver signed by a contractor is not good enough. He states that the workers should have workmans comp, which will cost about $5k a year for someone earning $...

Instead of polluting our forums with that crap, I removed all 19 posts and booted the user for injuring my brain with her garbage.

NOTE: Currently injured from a work related injury, I don't plan on going back.I'm finishing my degree in Business Admin starting next month, and looking to get additional education in the Real Estate Field.I'm at the point of having to make this work!

Anyone injured?

If the same guy got caught on one and it was found he'd done 20, 30, 50 deals in violation, he'd have some hefty fines, if people were found to have been injured or cheated, where others lost money, I'd say he's probably on the way to the state motel.As a past regulator and lender that's about what I've seen.

Sounds like ALL of you had perfect Sundays... except for the injured one!

They are becoming more normal because courts are quick to side with the injured person.

For example, suppose your tenant claims to have notified you about a fault railing on a deck and then someone falls through the railing and is injured.

Umbrella is supposed to protect you from a lawsuit pegging you for some insane damages - like if someone is injured or killed on your property.