BamaAlum02

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Also - I think you can use this for room and board and pay your own company market rent if you own a home near a campus and your kid stays there. Since my RE investment company will probably be inherited by my kids, I wonder if this is a method of returning that cash to them without restrictions so they can have spending money for whatever they want while I take a little haircut on rent.

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You can use it for room & board and no issue paying an LLC you own, but you are limited to what the school publishes as cost of attendance.

Cost of Attendance

Looks like it is about $12k per year at LSU for the current school year.

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I personally know of a student that didn't get in with a 3.5 GPA, host of AP classes that include physics and chemistry. Took the ACT one time and got a 28.

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Finding this very hard to believe seeing how my daughter just got in with almost this exact situation. She has even been told she will get the Heritage or University scholarship which is $4k-$8k per year.

Unless my daughter is getting some preferential treatment for being in-state, I think your friend is not being truthful about their GPA and/or ACT.

When I was in school, LSU was our homecoming in 2001. They beat us and if I remember correctly, it was worse than the score indicated.

Rohan Davey kept hitting some receiver and I think the guy had like 200+ receiving on us. Pretty sure they set some SEC records (at the time) that night.

With all of that said, as scheduling evolves and we go to 9 conference games, someone is going to have to be the HC opponent and it will likely fall in the meat of our SEC schedule.

EDIT:
Had to go look up the receiver. It was Josh Reed. He had 19 catches for 293 yeards. Unreal.

I feel like the difficulty of these permanent rivals is a little overblown. It is not like year's past where you only play a team every 4 or 6 years. The schedule will turn so quickly that if you have soft permanent rivals, you will get cycled through the tough ones annually.

If Alabama has 3 of the big 6 as permanent opponents, they will have the lower tier teams as the rotations. It will all work itself out each year since you will play all rotating teams within a 2-year stretch.

Much ado about nothing...

There are some nice tax breaks available. You can offset ordinary income with any losses assuming you meet the criteria which isn't too strenuous.

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Friday & Saturday meeting portions

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WTF? Saturday morning meetings for a work conference?

Read through several responses and going to put you some things to consider rather than replying to all of them.

- Contact a CPA and attorney that understands M&A ASAP.

- Do not sign the LOI until the attorney looks at it. If it is not in the LOI, it will not be in the purchase agreement.

- You debt will either be paid by the proceeds or will be adjusted in NWC (net working capital).

- The NWC target will be a point of negotiation. If you have excess it will increase the purchase price, if you have a deficiency they will reduce it off the top at closing. You should have a good feel for 45-90 days of NWC as that is the range they will expect. Since you said cash flow can be tricky because of insurance, I would anticipate they will want closer to 90.

- This will have components of both ordinary income and capital gains for you. It will either be structed as an asset purchase (most likely since they don't want your past issues) or will be a stock purchase with a 338(h)(10) election to treat it as an asset purchase for tax purposes. What the IRS calls "hot assets" will be treated as ordinary income (AR, depreciation recapture).

- The LOI is the best deal you will get and will only be negotiated down during the APA.

- I always tell clients to assume you not receive any of the earnouts or contingent bonuses when evaluating the deal. You are not in control anymore so take those off the table.

- Do not skimp on professional services. Hire a really respected M&A attorney and CPA.

- There is no such thing as handshake agreements or verbal assurances. It has to be in the APA and detailed out.

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I look around my neighborhood and have no idea how my neighbors afford some of the things they have or things they do.

Not my business but I believe there is a huge chunk of our society that isn't saving a penny for retirement and expecting the government to fund their retirement.

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I see the same thing in my neighborhood.

I really started to notice it in 2021/22 when wage inflation was sky rocketing. People were job hopping and getting big raises. We were giving huge raises to our people to get them to stay.

I think a lot of people overextended themselves thinking they would keep getting +10% raises and grow into their payments. I have to assume that between compensation normalizing and COL increases that many people have very tight budgets.

No. My wife isn't a cheater and if she was, she'd find a way.

Also, aren't all those male trainers at the gym gay?

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Yep prices went up bc of lockdowns and all the Covid crap but never came down. That should show the doubters that companies aren’t going to “correct” something they wanted.

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A lot of prices went up due to wage inflation. Until employers start cutting people’s pay (not going to happen) those higher prices are here to stay.

People didn’t want to work because they were getting paid not to. Companies were competing for less people creating unsustainable wage increases. Once that happens it’s hard to undo. You can give smaller raises and drop entry level pay to eventually lower your overall labor cost but those take years to play out.

There are definitely some companies that abused the situation and continue to do so (that will always be the case). But so much of what we consume and use is labor driven and that is where the biggest inflation took place.