Chapter 34 Acquisition
"This is certain, but I will acquire a property and then renovate it." Link said: "After all, it is impossible for you to have only two lawyers and a receptionist. The law firm will then return to into the name of the charity fund.”
"It operates as a normal law firm, but a charitable fund will come in every year to provide legal aid to the poor."
"Various procedures will take some time, so for the time being I will make the acquisition in a private name and wait until the charity fund is established to be included in it."
Matthew Murdoch asked: "Can it be stated in the contract?"
"Of course, this is certain." Link nodded, "You are responsible for drafting a contract, and I will each give you 5% of the shares. The salary issue will be signed after the contract is signed."
"I will give you 300,000 U.S. dollars for the purchase price, and I will inject 1 million in capital without diluting your shares."
"After the charity fund is established, the legal affairs of the foundation will be handed over to the law firm. Even if the law firm does not make money, I believe that the salary and entrusted business will not be less for the two of them."
Fergie Nelson was very happy. With a charitable foundation behind them, they had the capital to settle down and no longer had to worry about money.
Drafting a contract also takes time, so Link said goodbye for now and would bring his girlfriend over in a few days so that both parties could get to know each other.
…
In order to establish the foundation, Link went to Langley again and asked his accounting firm to cooperate with his lawyer. For the time being, Link still used his previous lawyer.
When I got home in the evening, I told Jessica what had happened. Jessica was very excited. This could be considered a career, instead of staying at home all day long and being a housewife.
She is learning very quickly now. She is a very smart woman in her own right. She studied at the charity foundation introduced by Tracy and understood its operations. This aspect is actually not complicated.
Link doesn't have a lot of funds, and his annual income is also limited. If he devotes 5% to charity, it's actually not a big fund.
She didn't know at this time that Link would have plans for Stark Industries stocks in the future, and the funding scale would definitely be expanded, but now it seems that the funding scale is not large.
Just a small law firm, far from troublesome, she is now fully capable of operating it.
She and Link talked enthusiastically, especially about the review of funding cases, and how limited funds must be used on those who need them most.
…
"Hey, I saw news about recruitment in the newspaper." Link has signed the acquisition contract, and the first acquisition fund has been paid, 300,000 US dollars.
After all, the law firm has no fixed assets or entrustment contracts, and the office facilities here are worthless.
With the subsequent capital injection of one million US dollars, Link also needs to look at the real estate in Hell's Kitchen and prepare to acquire a small apartment and then renovate it.
Housing prices in the United States are very strange. They are calculated based on neighborhoods. In the overall environment of Hell's Kitchen, real estate here is extremely cheap.
The property tax is also very low, because people here are poor, and the housing prices in the entire area are not rising. People here do not agree with the increase in housing prices, because the increase in housing prices means an increase in property taxes.
Wilson Fisk's acquisition is difficult, and that's the difficulty. The acquisition price is not enough for people here to move to another place to live, and if they change places, property taxes may increase.
This property tax has to be paid every year, and the annual price difference ranges from a few thousand dollars to ten thousand dollars, which is a huge burden.
Link will also encounter this problem if he wants to acquire it, but the location he chooses is on the edge of Hell's Kitchen. He had to consider the issue of future employees. Fergie Nelson grew up here, and Matthew Murdoch wanted to do justice here, so the two of them dared to come.
But what about everyone else?
Therefore, the location on the edge is the best. It does not leave Hell's Kitchen and is relatively safe. Otherwise, if employees work overtime at night and cannot find a taxi to go home, it will be in trouble.
It is not that there are no buildings here, but the rent is relatively too expensive. It is better to buy a small apartment and renovate it. You must know that this place was a gathering place for Irish workers in the earliest days, so the Irish gang was the most powerful in the early days.
The earliest traceable document is in the New York Times in 1881, but a reporter came in to cover a murder case under police escort.
The name Hell's Kitchen was too derogatory, and it was finally officially determined to be the Clinton District, which is West Midtown.
It is close to Broadway. Many people who pursue art come to New York. Because they have no fixed income, many people also rent houses here because the real estate here is cheap enough.
Wilson Fisk wants to rebuild here, but the resistance can be imagined. The people here are unable to pursue a better living environment.
Once this place is completely acquired and rebuilt, the price difference will be huge, and the benefits will be exciting.
"Yes, then when can we meet?" Link asked.
"You can do it anytime!" the other party said.
"So at two o'clock in the afternoon..." Link asked for a coffee shop near his home, and the two met.
Soon, at two o'clock in the afternoon, Link arrived a few minutes early, found a seat, asked for a cup of coffee, and then took out a cigarette to smoke.
At two o'clock on time, a black man opened the door and walked in. He looked around and walked directly to Link's position. "Is this Mr. Lin?"
"Yes, it's me, Mr. McCall?" After Link stood up and shook hands with the other party, they both sat down. "What would you like to drink?"
"No need, we can start the interview directly." The other party didn't say anything.
"So how is Mr. McCall's driving experience?" Link asked: "The Rolls-Royce Phantom I ordered will arrive in another month."
"There should be no problem. I have been driving for many years and am familiar with all kinds of vehicles. In addition, I was a soldier when I was young. I have certain fighting ability and can also use firearms." The other party spoke very calmly.
Link nodded slightly and asked again: "Do you have a criminal record?"
"No!" McCall shook his head.
"Very good, give me your ID and I'll investigate. Also, let's set off now. You drive my car first and we go around for a while." Link stood up, took out the money and pressed it under the coffee cup.
The two walked out and got into Link's car. Link's Mustang was very powerful, but the other party started it very smoothly and knew the performance of the vehicle very well.
He looks like he is an expert at first glance. He understands all the signals and signs when wandering around the streets of New York and obeys the traffic rules completely.
(End of chapter)