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Originally Posted by paeng  As for the business books and all. We dont have that yet. We give proposals and quotations for client with contracts to sign and we wait for the money after project completion. And we divide it into 2. Right now company is in negative. |
If there is no record of business, how are you expecting to get paid for work done? I mean, if you don't have record of your "unpaid salary" it's never going to be paid. You should have some information written down about your projects and you should have some idea of your cash flows and all. I read that you're in Dubai(?) and I don't know anything about their legal structure, but no financial statements = RED FLAG. Just sources of conflict in the future.
Also, the company is in the red (negative) because you are taking all the profits from the individual jobs straight to your pocket! How is it going to be positive without getting any of that money? Sorry, it just doesn't make sense to me.