I have a client where I deal with the manager and not the owner.  It is my understanding that the manager will eventually take over as owner, but after a number of years it had not happened just yet.

The PPP forgiveness was a problem.  The owner applied for the loans with his personal e-mail, but did not save copies of the documents.  So they did not have the SBA loan number, nor the banks PPP loan number.  Since the manager is not a signer most of the data was out of his grasp.  So it took weeks to gather the information to apply for the forgiveness.

Another issue has been getting a Power of Attorney on file for various issues.

I know that turn-key operations are supposed to be easy and profitable.  But I have never seen that as a reality.  The owner has to be at least somewhat active in the business.  It is their money on the line.

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