Is there a good explanation for RSF's dad making him a partner? Tax a scam?
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Poast new message in this thread
Date: January 9th, 2019 12:14 AM Author: Hideous Tank Station
His parents talk a lot about altruism and how proud they are of RSFs suicided bro for how compassionate he was and how he tried to help others before he suicided.
Now their remaining son spends his life jet setting and writing shitty articles reviewing food in first class, honoring and helping only himself.
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37557056)
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Date: January 9th, 2019 2:10 AM Author: wild mildly autistic set scourge upon the earth
I have a business worth $X million which I hope/expect will be worth $X million + when I retire/die.
I make my son a partner in said business, let him take a draw, and give him an increasing percentage of the shares of said business as time goes on so that when I die (or retire) I have effectively transferred the business to said son on a tax advantaged basis.
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37557345) |
Date: January 9th, 2019 2:24 AM Author: frum preventive strike
Also if RSF pretends to work as a partner through a law corporation, he can deduct all sorts of expenses as fake business expenses, namely meals and travel which is basically 75% of what he does.
My understanding is that the firm has other real partners, so I assume this is just purely in name otherwise they would revolt.
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37557362) |
Date: January 9th, 2019 8:41 AM Author: startling fiercely-loyal meetinghouse
maybe he's smart and contributes to the firm when he's in town?
RSF's dad is oviously smart, y'all are obsessed with the idea of hereditary intelligence. why can't RSF be smart too??
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37557771) |
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Date: January 9th, 2019 5:09 PM Author: Poppy beady-eyed bawdyhouse
lmao i thought you already caught OP as a PN alt.
http://xoxohth.com/thread.php?thread_id=4173540&mc=102&forum_id=2#37560349
you should add him to your tracker and bill your time since, as this thread makes clear, you're SO INVOLVED in daddy's law practice
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37561263) |
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Date: January 9th, 2019 2:58 PM Author: frum preventive strike
it doesn't really. how you get money from your family makes no difference. You don't pretend to be actively practicing law and we don't expect you to. I have no problem with the life you choose to lead and you have a good time.
But you gotta step back and think about what your financial circumstances mean to you and how to convey that perspective to others.
It's fine that you are partner at your dad's firm for whatever reasons, but I don't think you believe that you contribute enough to the practice of law at the firm to explain that.
So when faced with that reality (and the trolls will focus on it as they do in this thread) you can make the choice to say "my situation is what it is, i am fortunate in a lot of ways and I wont apologize for that, so deal with it and stop being a hater."
But instead you use the partnership status as a bragging point in arguments, rather than humbly accepting your good fortune. What is there to brag about?
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37560301) |
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Date: January 9th, 2019 3:10 PM Author: frum preventive strike
And what level legal practice would you say you engage in? You certainly talk about your life a lot on here but never talk about work.
Do you believe that your status as an equity partner (I assume) is justified based on the amount of work you do, your work schedule and the quality of your legal practice?
And if not, then why keep on trying to justify or explain it. I am not saying you do nothing at all - but are you taking depositions, writing briefs that are submitted to the court, first or second chairing trials?
Your position is either because of your quality and experience as a lawyer, or because of your dad. You can decide for yourself which it is, but if the latter is true, that's nothing to be ashamed of (that's life) but it also should not be a point of pride.
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37560380) |
Date: January 9th, 2019 3:21 PM Author: learning disabled brass hairy legs box office
Whether RSF deserves it from a global capitalistic perspective ultimately depends on whether he is legitimately bringing sufficient clients into the firm, retaining existing clients, or will plausibly do so in the future.
Partner = good at sales.
Associate = good at the product.
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37560477) |
Date: January 10th, 2019 2:59 PM Author: Red Dilemma Ape
RSF can comment on PN’s mental illness.
Obeezy— you are turning out to be way more demented and pathetic than anyone thought. Probably time for you to end it all.
(http://www.autoadmit.com/thread.php?thread_id=4173540&forum_id=2#37567129) |
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