Is your insurance dead on arrival?
September 1, 2002 By LP Gas
Please don’t read this month’s comments as a slam against insuranceagents. If you do, you have missed the point.
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Please don’t read this month’s comments as a slam against insuranceagents. If you do, you have missed the point.
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Propane retailers dutifully monitoring the nation’s product reserves this summer breathed a collective sigh of relief when the U.S. Energy Information Administration reported a stock build of 65 million barrels last month.
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Why is it that the large, multi-state propane retail companies are organized as master limited partnerships, rather than the more commonly used corporation structure? Do they have some business or legal insight that you and the other propane marketers don’t know?
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The success of most every propane retailer can be traced to the hard-working, dedicated men and women who daily service customers on the front lines of those businesses.
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Inexperienced buyers and sellers of propane businesses often lose interest in the details of the transaction once they have signed the letter of intent or term sheet that outlines the broad terms of the deal. Even smart, successful businessmen fall into this practice because they don’t deal with the consternation of buying and selling businesses every day.
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Don’t you wish your stockbroker could guarantee you a 30 percent or better return on your money year after year? If that were the case, you’d be crazy not to invest!
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When it comes to documentation in the propane industry, no news is bad news.
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Stolen business information equals lost livelihoood to propane marketers.
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Legal Ease is a new monthly column that will make you aware of isues you may need to discuss with your lawyer.
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Inergy, the propane industry’s newest publicly traded retailer, sees plenty of growth opportunities through acquisitions.
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