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Competition BBQ *On Topic Only* Discussion regarding all aspects of Competition BBQ. Experiences competing or visiting, questions, getting started, Equipment, announcements of events, Results, Reviews, Planning, etc. Questions here will be responded to with competition BBQ in mind. |
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03-26-2011, 03:23 PM | #1 |
Knows what a fatty is.
Join Date: 05-20-10
Location: BBQ, USA
Name/Nickname : .
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BBQ Team Finance
Have any of you made special arrangements, LLC's, contracts, etc to deal with equipment related to your BBQ team.
If you have a few different people on your team that divide the costs of equipment purchases and competing, how do you handle a member's share of the team should they resign? |
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03-26-2011, 06:05 PM | #2 | |
is One Chatty Farker
Join Date: 07-13-08
Location: Happytown, IA
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We do handle our own costs. The person who cooks a particular category is responsible for the full cost of that category. They also keep all the money won for the category. We split the entry fee and only share GC or RGC winnings (and we ain't done that yet). This has worked for us for three years.
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John 21:9 |
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03-26-2011, 07:24 PM | #3 |
is Blowin Smoke!
Join Date: 08-17-06
Location: Washington, Missouri
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I have an llc and it covers my bbq business, including catering. Contests are advertising and marketing for same.
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[CENTER][B][/B] [/CENTER] [CENTER][B][I][B]KCBS #13207[/B][/I][/B][/CENTER] [CENTER][B][I]2013 Insane Can Posse [/I][I]Tour [/I][/B][/CENTER] [CENTER][I]Sponsored By: [/I][/CENTER] [CENTER][B][I]Gateway BBQ Store[/I][/B][/CENTER] [CENTER][B][I]Blues Hog BBQ Company[/I][/B][/CENTER] [CENTER][B][I]Plowboys BBQ Company[/I][/B][/CENTER] |
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03-26-2011, 08:40 PM | #4 |
Full Fledged Farker
Join Date: 06-25-06
Location: New York
Name/Nickname : Steve
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With my team we split everything evenly except the cookers, we both have our own that we bring. Other than that, entry fees, meat fees and winnings are split in half.
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Steve Chubby Hubby BBQ WSM Yoder YS640 Cookshack 008 GMG Davy Crockett Large Big Green Egg The Fastest and most accurate Thermapen, the ORANGE Thermapen. Stoker |
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03-26-2011, 09:03 PM | #5 | |
is one Smokin' Farker
Join Date: 06-27-10
Location: Louisville, KY
Name/Nickname : Drew
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Last season all the cost were on me. This year I've formed an LLC and all the equipment belongs to me. I'm now splitting the entry fees, consumables, etc. with my teammates and splitting the winnings if any from an event. |
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03-27-2011, 01:23 AM | #6 | |
Full Fledged Farker
Join Date: 04-13-08
Location: Moline, IL.
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Quote:
Ken
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BabyGotBack BBQ team Stumps GF222P Uber fast stealth black thermapen Cubby blue Thermapen UDS XL UDS 22.5" weber X 2 |
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03-27-2011, 08:15 AM | #7 |
Quintessential Chatty Farker
Join Date: 07-14-09
Location: Lake Sinclair, GA
Name/Nickname : Hance
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LLC's, etc. would be just more money on an already losing proposition. We buy the
equipment individually, and it's ours, individually. We split the costs as evenly as we can, we split the responsibilities as evenly as we can, and we split the winnings as evenly as we can. I really suggest the KISS approach.
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Hance - MiM/MBN/GBA CBJ and comp cook Lake Sinclair, GA (strategically about an hour from darn near anywhere) My competition daze are probably behind me now; I pretty much cook for family, friends, and frankly the peace and solitude I get from smokin' on an offset... Was Lang 84DX, now Bubba Grills 250R and many Weber grills |
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03-27-2011, 08:38 AM | #8 |
is one Smokin' Farker
Join Date: 09-23-09
Location: Buffalo NY
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All of us have our individual equipment that we bring to contests. We get together, make a list of who is bringing what, and then load it up in a central location and go.
We also have centralized team gear that is bought by the winnings. Everyone knows that if they leave the team, they leave the equipment bought by the team. Neil Gallagher Too Sauced To Pork BBQ
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[B][COLOR="DeepSkyBlue"]KCBS, MBN, and MIM CBJ. KCBS, MBN, NEBS, and MIM cook[/COLOR][/B] Stumps OS223, Stumps GF223, Grilla Pellet Cooker, RectTec680, Traeger Tex, HM Offset Barrel, 18.5 and 22 inch WSM, UDS, Orion, 2 Weber Kettles...and a couple turkey fryers "We're a drinking team...with a BBQ problem" Want to join the team for Memphis in May? [url]http://www.toosaucedtopork.com[/url] |
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Tags |
bbq, buyout, contract, equipment, finance, team |
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