Copped equity breakfast but wife is fighting me on capital buy-in
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Date: July 1st, 2026 11:56 AM Author: Bow tie niggas always have very strong opinions
The capital contribution is about $1m. Wife has been sucked into the cult of Dave Ramsey and can't understand what the money is for. She thinks I should remain an income partner because the money would “grow faster” in a mutual fund.
I could finance it but she's terrified she'd be “on the hook” for the note if something happens with us. I told her that's not how it works, but she's demanding some sort of explicit guarantee in writing that if we get divorced or I die they don't come after her for it.
I could just pay for it out of my personal funds, but that's so unfair. I put my own money toward her businesses, but she says that having that much already invested in our own businesses is exactly why it isn't prudent to make a capital contribution to get equity.
Did anyone else run into this? I'm embarrassed to ask my partners their experience.
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2,5#49973545)
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Date: July 1st, 2026 12:24 PM Author: ......,,,,,,........,
Have you tried explaining that Dave Ramsey is great advice for poor people? But seriously, why not just give her an “agreement” (? Enforceable) that she won’t be on the hook for the debt
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2,5#49973610) |
Date: July 1st, 2026 1:30 PM
Author: ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
i know some lawyers who copped the breakfast and signed $500k notes, and the firm went BK about nine months later. as it turns out, there's not a lot of defenses on a note other than "i already paid it," and there's even fewer defenses that a BK Trustee will countenance.
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2,5#49973714) |
Date: July 1st, 2026 1:36 PM Author: Nazca Redlines
Congrats. Big law? How long have you been in?
On your issue: you need to just pay the buy in however makes the most sense (your marital funds, a loan). Explaining it to your wife or giving her a document that says liability associated with it is yours alone are secondary.
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2,5#49973729) |
Date: July 1st, 2026 1:49 PM Author: autistic queer ((zurich is stained))
oh wait, lol, bow tie niggas IS spaceporn.
listen, you need to just tell her what your decision is and fucking leave it at that. if she has a problem with it, she has a problem with it. worst thing you can do is try to take a stand on this issue and then back down once she breaks your balls over it.
haven't you already been an equity partner for at least a year?
(http://www.autoadmit.com/thread.php?thread_id=5878945&forum_id=2,5#49973767) |
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