For the Record

This past weekend there was yet another incident that compels me to set the record straight.  It isn't so serious that I would risk a friendship over it but I am a little tired of hearing it.

For the record:
In December of 1991, while living in Wisconsin, I filed papers establishing a corporation with the Secretary of State in Kentucky; I then became the president and sole shareholder of this corporation.

It purchased a franchise from an Atlanta based franchiser giving it the rights to use trademarks and methods to operate a certain business in the greater Louisville market.  It operated there and in Lexington until 2000.

In January of 1992, I relocated to Louisville and began establishing the office and the business.  In February, I hired a sales person with the understanding that as the company grew he would become the Sales Manager and so it went.  When a second franchise was purchased, he became manager of the Louisville office.

This person received a paycheck from then until he quit the company some years later.  When he quit, he simply left the company.  There was never an investment of money or transfer of assets from that person to the company, no stock was sold to or transferred to that person.  When the franchise was sold in 2000, he received nothing from that sale because he had invested nothing.

Occasionally, from 1992 until as recently as last Sunday, I've heard comments  attributed to him and made by him, that would cause a person think he was a partner, an owner, or a principal in the company.  Remarks such as when someone said to me, "Oh you were so and so's partner," or when he said, "that's when I came here to establish the company, with John."  Quite frankly it bothers me a little when I hear it but what the heck.

So, for the record that's the way it is/was.