4wd
Norris Designs' new Evo...
- Thread starter ali619
- Start date
4wd
Starlet_Sam
Moderator, Regional Area Reps Supervisor & Gay Car
Adam_Glanza
Member +
your humour is fairly hard to understand at first, im sure in real life you would understand alot easier but emotions arent easy to judge over the internet lol.
hard to know if your being serious or not.. but i think i get the jist of you now lol
hard to know if your being serious or not.. but i think i get the jist of you now lol
sx_turbo
Lifer
sam is an extremely funny man, just think it's hard over the internet
gv1.3
Admin
guys relax and stop being so serious -
Ive 3 comments:
1 - I love the look of the engine and the wheels
2 - if a young lad came on with a front end like that on a car he would be called a chav and there would comments like "why do people do this to cars"
3 - a companys money is not the owners money - if you dont understand how a company works then I suggest you dont start your own limited company. Like in a thread on here before when I stated my fathers company had made millions from being experts at what they do.. comments such as "just cause you have a rich daddy" made me LOL.. Millions in your company does not equate to millions in the owners pocket!
PS: Sams comments made me laugh... he makes the statement... stands back.... and waits for people to react, and they usually do hehehe
Ive 3 comments:
1 - I love the look of the engine and the wheels
2 - if a young lad came on with a front end like that on a car he would be called a chav and there would comments like "why do people do this to cars"
3 - a companys money is not the owners money - if you dont understand how a company works then I suggest you dont start your own limited company. Like in a thread on here before when I stated my fathers company had made millions from being experts at what they do.. comments such as "just cause you have a rich daddy" made me LOL.. Millions in your company does not equate to millions in the owners pocket!
PS: Sams comments made me laugh... he makes the statement... stands back.... and waits for people to react, and they usually do hehehe
Adam_Glanza
Member +
im sorry dylan but thats wrong.
a company like microsoft etc is different.
a garage with maybe 20 employees?
now thats his own money threw and threw.
unless its been sold into shares then it will be all his money
a company like microsoft etc is different.
a garage with maybe 20 employees?
now thats his own money threw and threw.
unless its been sold into shares then it will be all his money
Starlet_Sam
Moderator, Regional Area Reps Supervisor & Gay Car
It doesn't work like that unless he is a sole trader, which I doubt he is.
Adam_Glanza
Member +
well i very much doubt hes anything but a sole trader? his business isnt that big not to be?
im sure sponsorships etc helped pay the way to built his car, but i very much doubt others have dibs on his company
im sure sponsorships etc helped pay the way to built his car, but i very much doubt others have dibs on his company
Last edited:
gv1.3
Admin
I have to disagree Adam.. it is very easy to set up a limited company and the SIZE of the company has zero relevance - no difference if you are Microsoft or small garage.
If you set up a limited company and over the course of 5 years it had built up large cash reserves and so you thought... "hmmm I think Ill take the 100,000 out and buy a nice car for myself" ... go ahead and try take out 100k and see if the tax man agrees that its your money or the companiees money when he is standing behind you riding your ass with a big tax bill in his hand.
Ive studied accountancy and business law and seen a company built from the ground up and become very successful but that does not make the owners rich... They may be able to take a larger salary or give themselves a loan from the company which they will have to pay back ... but its not the case that whatever arrives into the companeis account is into your pocket... and that is no different if you are microsoft or 3 men in a shed. Oh and I am talking about if things are being run legally.
Now to build a car such as that Evo of course the company paid for that as it is advertising and exposure etc... but that is the companies car I am not disputing who owns the company, who put the money into the company, who would benefit if the company was sold etc... but people who assume any money that goes into a company is yours are very much mistaken. If anything went wrong see who gets the companies money first... the owner or the creditors...
PS: being a limited company has nothing to do with the size of your organisation, I would be highly surprised if Norris Designs was a sole trader..
If you set up a limited company and over the course of 5 years it had built up large cash reserves and so you thought... "hmmm I think Ill take the 100,000 out and buy a nice car for myself" ... go ahead and try take out 100k and see if the tax man agrees that its your money or the companiees money when he is standing behind you riding your ass with a big tax bill in his hand.
Ive studied accountancy and business law and seen a company built from the ground up and become very successful but that does not make the owners rich... They may be able to take a larger salary or give themselves a loan from the company which they will have to pay back ... but its not the case that whatever arrives into the companeis account is into your pocket... and that is no different if you are microsoft or 3 men in a shed. Oh and I am talking about if things are being run legally.
Now to build a car such as that Evo of course the company paid for that as it is advertising and exposure etc... but that is the companies car
I am not disputing who owns the company, who put the money into the company, who would benefit if the company was sold etc... but people who assume any money that goes into a company is yours are very much mistaken. If anything went wrong see who gets the companies money first... the owner or the creditors...PS: being a limited company has nothing to do with the size of your organisation, I would be highly surprised if Norris Designs was a sole trader..
Kelly
Member +
Yeh of course you'd wanna drive a fast car, im sure we all make statements like "if i win the lotto im guna buy a lambo" but then when it comes to showing off your capabilities as a tuning company, it would make sense to have a brill driver out there getting the absolute best attention they could.
It takes alot of money to make his car fair do's but it obviously takes a bigger man with a smart head to step aside and let someone else do the car justice on the track.
Gee
Member +
Why so serious? LOL
Maybe he should practice a bit more before attending so he does not continue writing people off. We all have to start somewhere, so I don't see why he should not drive a car he has built. He just needs more track time/tution to insure he does not put others lives in danger.
Maybe he should practice a bit more before attending so he does not continue writing people off. We all have to start somewhere, so I don't see why he should not drive a car he has built. He just needs more track time/tution to insure he does not put others lives in danger.
Adam_Glanza
Member +
i can see wat your saying dylan, but if he sold the business who would get the money? its gonna be him.
i know wat you mean as my dad has his own business, and a large amount of his money is tied up in the business. so yes it isnt just free cash floating around but its like a house, its tied up in an investment.
i dont really know why its got to this lol, but the company which he owns must still have a large amount of money to even be able to dip into there profits and create a car like that. Not alot of business' could even afford to make a car like that and still keep above the red.
Yes kelly for the best time etc then yeah go hire a jap driver and ask him to drive your car, but im sure hes confident in his own abilitys. and lets be fair to the man he isnt exactly a bad driver, just maybe lacks judgement?
probably better than all of us neway.
all i know is that if i put all that money and effort into the car i would want a piece of the cake too
i know wat you mean as my dad has his own business, and a large amount of his money is tied up in the business. so yes it isnt just free cash floating around but its like a house, its tied up in an investment.
i dont really know why its got to this lol, but the company which he owns must still have a large amount of money to even be able to dip into there profits and create a car like that. Not alot of business' could even afford to make a car like that and still keep above the red.
Yes kelly for the best time etc then yeah go hire a jap driver and ask him to drive your car, but im sure hes confident in his own abilitys. and lets be fair to the man he isnt exactly a bad driver, just maybe lacks judgement?
probably better than all of us neway.
all i know is that if i put all that money and effort into the car i would want a piece of the cake too
Kelly
Member +
Yeh like i said would take a big man to step aside and let someone else do it, but could be worth doing when u think of the business side of things.
As Gee said, he has the potential to practice and train maybe he does for all we know? But hopefully he does without other ppl on track ha ha jking
As Gee said, he has the potential to practice and train maybe he does for all we know? But hopefully he does without other ppl on track
ha ha jking
gv1.3
Admin
lol its turning into a business law debate
thats why I love tgtt... ya never know which direction it will go.I understand what you are saying too mate - I mean he owns the company, well we assume he does, in reality any amount of people could own it.. but assuming he owns it if it was sold he would get whatever was left after everything has been cleared and then he would get taxed on that.
If you want to compare it to a house... if you have a house worth 500k and have a mortgage of 450k who owns your house?... you or the bank?
FerryScoob
Member +
Ugly looking car and lets face it, its only going to be as fast as the truck its sitting on.
Adam_Glanza
Member +
lol its turning into a business law debate
I understand what you are saying too mate - I mean he owns the company, well we assume he does, in reality any amount of people could own it.. but assuming he owns it if it was sold he would get whatever was left after everything has been cleared and then he would get taxed on that.
If you want to compare it to a house... if you have a house worth 500k and have a mortgage of 450k who owns your house?... you or the bank?
yes i do see your point, mostly the bank obviously.
but i very much doubt hes in the same situation. anybody being able to spent that amount of money on a car isnt going to be poor whatever happens lol
but this is surely like comparing norris to hks? hes just a well of smallish tuning garage building his own car to promote his services, when hks are just racing threw and threw