User talk:Csg

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Hi Cynthia:

I saw your post in Tax Almanac - I too am in the area - Bethesda for me - I am changing firms and this small shop is for sale if you or your (b0ss/partner) is interested.

Deleted the acctg homework discussion

Hi, Cynthia - You're right, that offer to do accounting homework shouldn't have been posted on our forums. In fact, I thought the advertising/spam was so blatant, especially given the subject matter, that I deleted the entire discussion. So that blew away your post, too, and therefore for the record, here was your response:

"Pretty sure this is not moral, ethical or legal and that it shouldn't be proudly posted here."

FYI, if you see something like that that you're sure is spam and/or inappropriate, you can go to the edit tab and edit out the website links, etc. (I've been known to replace the entire post with just the word "spam" if that's truly all it is.) If somebody later notices your edits and disagrees that it was spam or inappropriate, they could always override your decision and revert the changes, but in the meantime, you're protecting others from what you saw as spam. That, and correcting minor typos/links, are valid exceptions to the rule about not editing other people's posts.

Trillium 11:16, 24 April 2009 (CDT)


I saw your comment to Tim; I would also let Trillium and Kevinh5 know, as I don't think Tim spends as much time here as they do. It sounds suspicious to me. Belle 02:26, 3 September 2010 (CDT)

HI Cynthia

I have personally never seen any disability clause in a purchase/sale contract, but it could be done. What the seller wants is all his money. If the buyer can't pay, for whatever reason, what is his recourse? Would he sue for the remainder? Take back the entire practice? Take only enough clients to make up for the amount still due?

What the buyer wants is a steady stream of income from the practice. You don't want to lose the practice just because you're out sick for one year.

I bought 2 disability insurance policies on myself: one that pays the business overhead if I'm out for more than 90 days, so the rent gets paid and staff gets paid, and even to hire a temporary replacement for me until either I get better or sell the practice. The second is to replace my income for my benefit.

There are policies called 'disability buyout' policies that pay a lump sum, I believe. I have no idea what those cost. If the seller wanted to use some of his purchase proceeds to buy a policy on me, I'd let him.

When I sold a practice 9 years ago, I had the buyer assign her life insurance to me for the period of the note.

So I don't have a definitive answer, just some random thoughts above. Good luck! Kevinh5

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