Decisions, Decisions Part 2: Colleen Takes the Plunge

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Hey, everyone. So you may remember a couple of weeks ago, Colleen was facing a big decision about whether she should join an exciting project that some of her friends had started. So I'm here to tell you today that Colleen did decide to join that project. And we thought that you should hear about it from her and the team she's joining. So she is joining Hammerstone with our friends, Aaron and Sean. And you may remember Shawn from our episode a few months ago, where he was helping me learn how to market a book. So we thought we would let you listen to the episode that Colleen did on the Hammerstone podcast recently, where she's talking about joining the team. And after you listen, make sure to go subscribe to the Hammerstone podcast to get more updates about that really exciting project.

Unknown Speaker  1:54  
All right, we are recording. And we have three people here with us today. So the third person you want to introduce yourself.

Colleen Schnettler  2:03  
Hello, everyone. My name is Colleen and I have been working for Shawn and Aaron for about six months now. And this is my debut appearance on the Hammerstone podcast.

Unknown Speaker  2:14  
Welcome to the show. Thanks. So Colleen has been working, she said for us. But now Colleen is working with us. Colleen is a part of the Hammerstone team now. She's the third partner.

Colleen Schnettler  2:29  
Yes, I am super pumped. Super excited to join the team.

Unknown Speaker  2:34  
Yeah, so I guess we've been talking about this client for like, a year or more. And we've mentioned Colleen several times, I don't think it's been a secret. And she's the one that's been doing. She's the one that's been doing the rails side of the Refine product. And so, Shawn and Colleen have been working on this client for a long time. And the client has kind of been like, hey, what if we just keep doing this for a long, long time, we're like, great, we, that sounds good to us. And so Colleen is gonna continue working. But this client for they just, they just love Colleen, they just can't, they can't get enough of you. So, yeah, she's coming on as a partner and Hammerstone and she's gonna own the rails side of things. And I own the Laravel side of things. And Sean owns basically everything else. Kind of kind of a huge change, you know, in a whirlwind the past couple of weeks, but welcome.

Colleen Schnettler  3:41  
Thanks.

Unknown Speaker  3:43  
Yes, super cool. So speaking of owning all the other things, actually, can you guys hear me the sound just cut out weirdly for a second? We're good. You're okay. Yep. Yeah, so we, since there's three of us now, Aaron, and I have been, as I put it on the call with the lawyer yesterday, just yoloing it for the last year with our sort of like, operating agreement. So we got to hammer that out, you know, and actually do that properly given there's three of us, and that's an extra level of complication. So, the, the thing that we talked about with the lawyer, which I wanted to bring up with you guys was so first of all, I brought on my lawyer, Dalia who's awesome, and the best lawyer that I know. And I was like, Oh, yeah, I definitely want dahlias represent Hammerstone that Dalia immediately brought up that it's a conflict of interest of her because she's representing me. I'm planning for aliens. And I was like, Oh, well, I'll just find another lawyer for planning for aliens. And that's when I realized like last night, I was like, do I want to do that? Like it's, I want Dalia to represent Hammerstone but I also like kind of still want to have Dalia around for other shit for me. So I think that she had mentioned this as a possibility where like, she could represent us both. And then if there's a conflict of interest step aside, and it would go to me by default, I think is what she said. And then Hammerstone would have to find another lawyer. How does that sound to you guys?

Colleen Schnettler  5:18  
Yeah, so what I took from that conversation was exactly that, like, she can represent you, she can represent Hammerstone. But if the three of us as Hammerstone have a problem, she would then have to step back and then all of us would, like, if we're at the point where we all need our own attorneys, like something has gone terribly wrong, right? Like, we're probably just gonna want to Anyway, when we're talking about attorneys, that's all we're talking about is these horrible situations, right. So that is what we're talking about right now is a horrible situation that, you know, potentially could happen in the future. Get it? I'm not putting anything out of possibility. Like, I'm fine with that. I don't know, she had said something about how someone has to wait, like waive the conflict of interest. So you can ask her what that means. But I mean, I have no issues with this, because I just, I know, no one ever sees themselves in these situations, but I just cannot imagine a situation where that would happen. And if it did, then, I mean, you're so far gone by that point that, you know, I'm okay.

Unknown Speaker  6:29  
Yeah, I think I think I understand the same thing. So she'll represent planning for aliens, which is your holding Corporation. Shawn, shall represent planning for aliens shall represent Hammerstone. And should, Shawn Colleen and Aaron ever need representation against each other not as Hammerstone against each other as individuals, then that's when we have to say conflict of interest, or, you know, Colleen, and I get our own lawyers or whatever. Does that seem right? That's exactly it. Yeah. Yep. I'm on board with that. That's fine.

Colleen Schnettler  7:02  
Yeah, I'm totally fine.

Unknown Speaker  7:03  
She'll give us whatever papers to sign about that. And then Alright, cool.

Colleen Schnettler  7:07  
Sure. What I didn't understand from that call was the accountant thing. At the election, yeah, way into some tax law with a vesting schedule. For me, and that was kind of Whoosh. So

Unknown Speaker  7:24  
So you got to talk to our accountant, like, so this is what we're talking about. We have our accountant, you could you could have your own, or you just use Aaron, I'm like, pushing, we just use the one accountant for all the stuff. I mean, it's not. He's an accountant. So I don't know if there's like, there's not like a conflict of interest, right? He's just gonna tell you like, what's the optimal thing to do?

Colleen Schnettler  7:43  
Right? This is how you should structure it. Yeah.

Unknown Speaker  7:46  
Yeah. And, and my understanding, I never thought about this before, I guess, because it's gonna be like a taxable event, that you could decide, take the taxes now or take the taxes later. And I think that'll probably all depend on...