|
nw MN | I have thought about it as well. Only thing that really bothered me was what if they go broke? I have to imagine the equipment would have a lien on it, so someone would be out there to take anything of value. Then the landowner would be stuck with cleanup. I guess a lawyer should be involved to look everything over, I believe the laws do not favor you as far as financial liability of a corporate entity. You are likely at the end of the line as far as lienholders and a startup like this is probably highly leveraged. You would likely get back pennies on the dollar in a bankruptcy court. If they had a bond in place large enough to cover cleanup, or setup a trust for cleanup before they ever broke ground it might work out ok.
You mentioned you get paid once they are up and running, how long did they think? I would think you would need to be paid right away as you are giving up opportunity cost. | |
|
Farming the Sun
