*not sure if this is the right forum for this question*Hello all,I am looking for some guidance on how to talk to/approach a contractor in a manner that would avoid being taken advantage of.I am not a flipper; I am a newbie trying to buy his first "buy and hold" property.

Hold them responsible and ensure they carry insurance.Now, with all those "layers" you can consider an LLC.

Obviously nothing I say carries any legal weight at all either.

I'm frustrated because your product could fix a very specific problem for me, and because you've got highly regarded folks at BP carrying the flag for you, yet fail to deliver. 

And your librabry may carry Ohio building code books, too, which could also aid in your future business.Good luck!

A small business is not required to adopt GAAP, but what the IRS requires if such accounting practices are not followed is any system which accurately illustrates the business transacted and done so in a consistent manner.

Hi Jim,You are correct, you cannot use the money that is currently in your 401k while you are employed by the company who carries the plan.

A couple highlights to Jon's advice which is the manner in which to treat this.  

Codes have been written that the buyer is the party who is obligated to carry out this action of tax withholding. 

It keeps the books clean and it's easy to manage the investor returns plus can carry a portion of the equity ownership for yourself.