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Old 03-09-2010, 02:06 PM
fredthewolverine fredthewolverine is offline
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All the advice is good thank you.
Just for the record I trust my friend completely but accidents happen and i'm keeping my business and family's best interest in mind. Plus I want to be prepared if an employee in the future does something like this.
I just got back from a meeting with a friend of mine who has a law degree and is currently in a new business with someone who is a friend of his and so he said he can relate.
He said have him sign a Non-Compete as if he is an employee and thats that. Let him know the reason is insurance, he went on to say sure I could take the blame and have my insurance cover it but then I would have a bad record with the insurance companies and I definitely don't want that. Or (non-sercomvent) kind of the same thing but for Partners and have a clause in it about work on the side.
He said if I value the friendship have a strong understanding of how the business needs to run. He said his friendship is great but they both know money is money and you can't mess with that.
He also said if a rouge employee did damage property the Land Owners Lawyer is going to go after whoever LOOKS like they have the money to pay for everything and thats always the Business owner. In court they are going to ask the property owner " Did you know he was working on the side, and was not sent from the company?" The Property Owners are going to say " I had no idea I just called the number on the card and thats who they sent."
He also said he could work his way up to partner like Lawyers do. First they start as interns then employees, then associates, then ultimately partner. ( or something like that I can't remember but you get the idea.)
Botton line he said what Jason wrote, if he does work on the side tell him he is on his own and part ways. I agree 100%
So I'm going to have him sign a Non-Compete and I'm not going to give him cards.
Thanks guys
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