What does it take to Open an office for Bright?

Originally posted by Newatthis
Syd, Ouch. Too many years of getting up way too early! You're a better man than I am.

Don,
Thanks for the answer, but I don't understand it. In my college accounting class when we were looking at the BS we were taught to look at obligations versus capital. I took it one step further and differentiated between A members and B members in the LLC because I assume that the A's would be responsible for the LT debt. Yes, assuming you have a going concern then the obligations would be met. But, once profits go away, you need to look at the available capital to pay obligations. So, if I was joining an LLC or a sub LLC (I left one to become a customer) I would want to know if my capital I traded with was protected from the actual operations of the business.

BTW, I understand that your firm is one of the more highly capitalized firm.
More...

You have to remember that we are in our 2nd decade of business, and have had leases expire, be renewed, some short term, some longer (depending on rates, etc.). We make our plans based on the "ongoing business" strategy, which perhaps those with "subLLC's" and franchises don't.

And besides, if you do the math: 40 leases at $5,000 per month or so = $200K per month times 2 years (average time left) is only $4.8 million...hardly enough to affect the firm's capital reserves.

And to the other poster, I am not going to give out specifics, due to regulations. You see, when things change daily, it makes it possible for detractors to say "he said a, but on this date it was b"...so they are lying. And who needs the grief from competitors. We guarantee the $10 million between traders (the A member capital), and keep much more in our combined trading accounts.

Look for a great opening!! This should be fun!!


Don
 
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