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Final P&L For The Year 3 MILLION (CSLG)
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Date: December 14th, 2018 5:30 PM Author: mind-boggling narrow-minded coldplay fan I made about 2.8 million this year from my firm (P&L attached) and another 100K+ from the XO firm. I'm waiting on a couple hundred K in fees and should receive at least 100K of it in the next 2 weeks. So I will hit about 3 million by year end from practicing law. This doesn't count my wife's in-house job (140K).
Taking questions. The progression has been pretty crazy. My firm has almost doubled in revenue every year since I started it 5 years ago. I made a bunch of audio/powerpoints and have already shared some with the board. I will be giving away the complete series for free to a bunch of people in January once it's a bit more polished.
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Date: December 14th, 2018 5:31 PM Author: misunderstood geriatric death wish (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409071) |
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Date: December 14th, 2018 5:32 PM Author: orchid insanely creepy gaping den Congrats man. The doubling thing is same here but not to your level — yet. Keep it up.
Question — why is your website expense so low? Do it yourself or does main charge go to another category. |
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Date: December 14th, 2018 5:34 PM Author: appetizing sepia abode pistol pretty sweet that chandler and kenny are pulling in $100k each from a firm started this year.
congrats.
p.s. why is your officer salary so crazy high? |
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Date: December 14th, 2018 5:41 PM Author: mind-boggling narrow-minded coldplay fan After your FICA taxes are paid you don't really save a lot by taking profits as a distribution. If you don't take it as salary, you still have to pay California franchise tax which is almost the exact same anyways. My CPA ran the numbers both ways and it doesn't make much of a difference. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409128) |
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Date: December 14th, 2018 6:01 PM Author: appetizing sepia abode pistol that sucks re: ca franchise tax. im not too familiar with ca taxes. my quick google shows that ca screws you over in ways other states wouldn't. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409243) |
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Date: December 14th, 2018 5:35 PM Author: amethyst hospital Well done (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409094) |
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Date: December 14th, 2018 5:35 PM Author: Cowardly garrison striped hyena congrats - awesome work.
Same q as exuent re: your salary. |
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Date: December 14th, 2018 5:36 PM Author: yellow glittery point Mazel Tov
Can you explain your deprecation expenses, Outside Services and medical records costs |
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Date: December 14th, 2018 5:37 PM Author: irate church gaming laptop nutella's HHI is 1million and she doesn't need to constantly run an in-your-face kike lawyer shtick 24/7. she just online shops all day (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409101) |
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Date: December 14th, 2018 5:39 PM Author: Fighting Forum she also has to show up at an office and suck up like a good little subservient oriental (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409119) |
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Date: December 14th, 2018 5:42 PM Author: black laughsome trailer park mad cow disease that's in her genetic make up though (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409134) |
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Date: December 14th, 2018 6:19 PM Author: Fighting Forum yes, and it's in cslg's genetic make-up to be a kike lawyer 24/7. both of them are happy and successful, so it's working for each of them. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409317) |
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Date: December 14th, 2018 5:44 PM Author: irate church gaming laptop you think she cares? that's what she was born to do. there is no better outcome for an ugly retarded gook bitch than what she copped. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409146) |
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Date: December 14th, 2018 5:42 PM Author: mentally impaired liquid oxygen To be fair she used to be pretty in your face about it but just seems to be posting less in general (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409132) |
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Date: December 14th, 2018 5:45 PM Author: irate church gaming laptop i think the sockpuppeting thing forced her to rein it in. she was full bore with that shit before then (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409151) |
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Date: December 14th, 2018 6:16 PM Author: Bearded Nighttime Public Bath I’m home with a baby. I’ll be back posting more once I’m back at work. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409300) |
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Date: December 14th, 2018 6:19 PM Author: Fighting Forum are you done at 2? or going for a 3rd? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409320) |
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Date: December 14th, 2018 6:24 PM Author: mind-boggling narrow-minded coldplay fan Let me know when you're free to hang out. My wife is due in July, so she isn't too far behind you. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409344) |
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Date: December 14th, 2018 6:15 PM Author: Bearded Nighttime Public Bath Our HHI is only $850k this year. Maybe $1m when I’m 40. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409298) |
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Date: December 14th, 2018 6:42 PM Author: domesticated school cafeteria (Nutella alt) (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409417) |
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Date: December 14th, 2018 5:38 PM Author: Adventurous clear party of the first part yarmulke congrats (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409107) |
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Date: December 14th, 2018 5:39 PM Author: Fighting Forum 180. l'chaim! aspie q's:
- what's the $15 bank fee? some farmer's check bounce?
- who were the lucky $160 of client gifts?
- why are you paying yourself a $2M salary? shouldnt u just pay urself a reasonable salary and take the rest as profits? |
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Date: December 14th, 2018 5:40 PM Author: appetizing sepia abode pistol looking more carefully at the #s, it's clear cslg is ultra conservative when it comes to tax deductions. im guessing it has to do with his brother running an audit defense firm and seeing catastrophic scenarios. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409125) |
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Date: December 14th, 2018 5:42 PM Author: mind-boggling narrow-minded coldplay fan I mean, look I could do an extra 10K a year in meals. But at my income level is that really good to save me that much as a % of what I make? It wouldn't even change my effective tax rate.
Exeunt, what else would you do to lower your tax liability that you think I'm missing out on? |
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Date: December 14th, 2018 6:00 PM Author: Fighting Forum you wouldnt get penalized tho for taking 10k in meals. worst case is they'd disallow the deductions. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409238) |
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Date: December 14th, 2018 6:05 PM Author: appetizing sepia abode pistol it's doubtful anything expense wise will put a big dent in your taxes % wise. you'd benefit more from tax/estate planning strategies like a charitable remainder trust, getting started really early on wealth transfer strategies to your kids, tax arbitrage strategies with whole life insurance (as gross as that sounds), etc.
if you have real estate, there are other things you can do beyond my realm of expertise, but i think ca re is fucked long term so it's being penny wise pound foolish. |
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Date: December 14th, 2018 6:03 PM Author: Fighting Forum paying himself 2MM is well more than a reasonable salary. most of this should be profits (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409250) |
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Date: December 14th, 2018 6:49 PM Author: Curious corner It's not unreasonable. Almost all of the profits are due to his personal services. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409443) |
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Date: December 14th, 2018 5:41 PM Author: hyperventilating useless gas station selfie Thank
- The Devil |
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Date: December 14th, 2018 5:43 PM Author: Carnelian Gaped Rehab Any particular neighborhoods with your clientele? Gonna get wasted and go around blasting people with my car. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409136) |
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Date: December 14th, 2018 5:46 PM Author: exhilarant green reading party boistinker 180. how many employees do you have? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409155) |
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Date: December 14th, 2018 5:47 PM Author: mind-boggling narrow-minded coldplay fan Right now I have 4 full time and 1 part time law student. But one of my full time employees has been on maternity leave for the last couple months. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409162) |
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Date: December 14th, 2018 5:52 PM Author: dark fragrant potus what kind of a sweatshop are you running? 130k for 5 employees in los angeles? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409191) |
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Date: December 14th, 2018 5:53 PM Author: irate church gaming laptop did you miss the part where OP was a 5'7 deformed kike? this is literally what he looks like IRL https://www.youtube.com/watch?v=ha7smLPz2GY&feature=youtu.be |
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Date: December 14th, 2018 5:55 PM Author: hyperventilating useless gas station selfie (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409209) |
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Date: December 14th, 2018 5:55 PM Author: pontificating talented roast beef pervert (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409211) |
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Date: December 14th, 2018 5:59 PM Author: exhilarant green reading party boistinker fuck off. goys are beasts of burden and exist to be taken advantage of. even a virulently antisemitic board like xoxo acknowledges that CSLG is your superior (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409234) |
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Date: December 14th, 2018 6:01 PM Author: Galvanic windowlicker heaven he can bench 3 plates though. he has a gnarly chest. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409241) |
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Date: December 14th, 2018 6:05 PM Author: irate church gaming laptop yet he would still get laid flat by your average gymcel because a 5'7'' frame isn't pushing anyone around (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409257) |
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Date: December 14th, 2018 6:53 PM Author: Curious corner UFC heavyweight champ is 5'10". (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409458) |
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Date: December 14th, 2018 6:54 PM Author: irate church gaming laptop yeah and op is 5'7''... (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409470) |
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Date: December 14th, 2018 7:02 PM Author: chrome soul-stirring stage generalized bond He’s doing better than you with less height (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409490) |
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Date: December 14th, 2018 7:04 PM Author: irate church gaming laptop lol no one here who is 6'2'' would trade their lives for his. couldn't really give a shit how much money he makes -- at the end of the day, he's a 5'7'' shyster with a chink son (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409497) |
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Date: December 14th, 2018 11:58 PM Author: saffron cracking ladyboy Absolutely devastating (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410686) |
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Date: December 15th, 2018 5:22 PM Author: Ebony Haunted Graveyard Stage (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37413193) |
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Date: December 15th, 2018 5:25 PM Author: Ebony Haunted Graveyard Stage "i think Goblin Slayer let one escape" (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37413206) |
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Date: December 14th, 2018 5:58 PM Author: Purple marketing idea house Jfc (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409229) |
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Date: December 14th, 2018 5:58 PM Author: mind-boggling narrow-minded coldplay fan This isn't accurate. I had 2 full time until July (after I got my new office) and then I got 2 more full timers. Then one of my employees went on maternity leave in October. So I've only had 3 on payroll since then. The part time law student gets is not on salary and is paid per project on (outside services). (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409230) |
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Date: December 14th, 2018 6:04 PM Author: Fighting Forum make sure the law student doesnt wage&hour-pwn you! (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409252) |
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Date: December 14th, 2018 6:00 PM Author: Galvanic windowlicker heaven 150 divided by four and a half aint much. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409237) |
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Date: December 14th, 2018 6:12 PM Author: mind-boggling narrow-minded coldplay fan Read the post above. My payroll next year for my 4 full time will be about double since everyone will work a full year. The law student isn't on payroll. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409279) |
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Date: December 25th, 2018 6:17 PM Author: citrine plaza Ur making 3 mil and u pay them. 75k???? Isn’t that slavery? Reason I can’t do this is because my associates cost 400k each (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37469065) |
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Date: December 14th, 2018 5:50 PM Author: Purple marketing idea house 180 (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409179) |
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Date: December 14th, 2018 6:18 PM Author: Bearded Nighttime Public Bath Congrats! At this rate, you can retire in 3-4 years. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409308) |
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Date: December 14th, 2018 6:24 PM Author: mind-boggling narrow-minded coldplay fan That's the goal. Then I will just coast while Chandler and Kenny bring me a few hundred K of passive income in every year. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409340) |
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Date: December 14th, 2018 6:47 PM Author: chrome soul-stirring stage generalized bond 180 bud you’re a winner (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409434) |
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Date: December 14th, 2018 8:05 PM Author: Tripping Range Scourge Upon The Earth 180 (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409776) |
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Date: December 14th, 2018 8:06 PM Author: salmon bossy property trust fund CR.
I have a feeling you will enjoy real estate once you start getting more involved in that. |
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Date: December 14th, 2018 8:16 PM Author: marvelous opaque business firm masturbator I don't think you need to worry about retiring. As you have stated in the past, your home is mortgage-free so your housing costs are limited to maintenance and taxes. Your wife works for a good company that subsidizes the cost of health insurance, so that only costs you $3,000 a year instead of $25,000. Your wife makes $140,000. Kenny & Chandler are already bringing you $100,000 a year. You have what $2,000,000 in retirement savings on top of all of this. Not to be a jerk, but you can retire now if you want. You don't need to wait 3 years. |
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Date: December 14th, 2018 6:40 PM Author: salmon bossy property trust fund Does your wife work from home? Seems kind of crazy to me she's working a full time job for such little money when she has a young kid and another on the way. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409408) |
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Date: December 14th, 2018 6:54 PM Author: mind-boggling narrow-minded coldplay fan She works mostly from home, she gets 5 weeks of vacation, 10 sick days, 12 paid holidays, and our PPO health insurance is only $250/month for our family. Plus I think having a wife that works keeps the relationship way healthier. We both have stuff to talk to each other about and it makes her feel valuable. She also likes her job.
Plus once I cut back to part-time/semi-retirement having that extra 140k/year plus health insurance will be great. |
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Date: December 14th, 2018 7:22 PM Author: salmon bossy property trust fund CR. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409587) |
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Date: December 14th, 2018 6:47 PM Author: umber telephone 180. People like you give me hope in a near hopeless world. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409437) |
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Date: December 14th, 2018 8:05 PM Author: Tripping Range Scourge Upon The Earth (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409778) |
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Date: December 14th, 2018 6:48 PM Author: Vermilion set degenerate just made OP an extra 2,500 by settling a trip and fall in stater bros for $22,500.00. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409439) |
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Date: December 14th, 2018 6:55 PM Author: mind-boggling narrow-minded coldplay fan Did I refer that one? I can't keep track. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409473) |
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Date: December 14th, 2018 7:21 PM Author: Vermilion set degenerate yeah. guy just had a sprained knee from his trip. felt like it was a fair result. he thinks he has a bigger injury but MRI came back clean. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409579) |
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Date: December 14th, 2018 7:23 PM Author: salmon bossy property trust fund You guys should really keep all discussions about clients offline -- especially when you're being open how CSLG is not actually doing an legal work for the referred cases. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409597) |
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Date: December 14th, 2018 7:27 PM Author: Vermilion set degenerate he's a fucking partner in our firm. this isn't a referral fee. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409624) |
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Date: December 14th, 2018 7:31 PM Author: salmon bossy property trust fund "Did I refer that one? I can't keep track."
Point your anger at your partner who indicated otherwise -- not the guy who is trying to help you. |
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Date: December 14th, 2018 8:00 PM Author: appetizing sepia abode pistol fun fact: a partner can refer a case to another partner (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409761) |
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Date: December 14th, 2018 8:04 PM Author: salmon bossy property trust fund CSLG's poast made it seem like these were being referred from CSLG's firm to Chandler & Kenny LLP. I don't know much about this whole setup and so I reasonably made the assumption from CSLGs poast that this was a firm to firm referral and CSLG was not a part of their firm.
What's odd is that Chandler responded so angrily to my post trying to help him out by giving some advice. I think his high neuroticism lead to the cognitive distortion that I was insulting him rather than trying to offer helpful advice.
This is why you need to be really careful with neurotic people. Their near-constant cognitive distortions mean they rarely have a firm grasp on what's going on around them and they often lash out irrationally. |
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Date: December 14th, 2018 8:23 PM Author: Vermilion set degenerate I’m an angry anxious faggot man. You know I love you. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409861) |
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Date: December 14th, 2018 8:25 PM Author: salmon bossy property trust fund I still love you too.
Also -- what's up with the "uspo" in your moniker? |
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Date: December 14th, 2018 10:28 PM Author: Vermilion set degenerate Everyone’s doing it (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410350) |
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Date: December 14th, 2018 7:31 PM Author: mind-boggling narrow-minded coldplay fan I own a third of the firm... (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409646) |
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Date: December 14th, 2018 7:33 PM Author: salmon bossy property trust fund That solves the referral problem, but not the discussion of client matters on a public forum problem. Not that it's strictly against any rules, but certainly is unprofessional and the kind of thing that could be aggregated together with other stuff to hurt you in any eventual ethics complaints that some deranged pumo may send your way one day.
Keep up with your doing, but I recommend keeping the internal firm communication off this board |
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Date: December 14th, 2018 8:06 PM Author: Tripping Range Scourge Upon The Earth I agree with this. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409789) |
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Date: December 14th, 2018 8:07 PM Author: salmon bossy property trust fund Thank you my friend. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409793) |
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Date: December 14th, 2018 8:09 PM Author: Tripping Range Scourge Upon The Earth I only say that because I've seen some people get pwned by the bar for some ridiculous reasons. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409799) |
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Date: December 14th, 2018 8:10 PM Author: salmon bossy property trust fund While on the subject, you should really really really burn this account and come back with a new account / identity. It's insane to have been outed and continue poasting like you do.
EDIT: This is TSINAH, right? |
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Date: December 14th, 2018 8:17 PM Author: Tripping Range Scourge Upon The Earth It's the real TSINAH. I blank my posts every couple months for plausible deniability reasons. I'm not worried. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409838) |
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Date: December 14th, 2018 8:06 PM Author: Tripping Range Scourge Upon The Earth (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409787) |
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Date: December 14th, 2018 7:35 PM Author: jade cocky chapel dysfunction 1800000 (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409662) |
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Date: December 14th, 2018 8:08 PM Author: Concupiscible multi-billionaire giraffe Jfc You’re paying way too much to yourself in salary. Should put a line in there for IRS donations. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409798) |
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Date: December 14th, 2018 8:27 PM Author: mind-boggling narrow-minded coldplay fan Walk me through how I would save money doing it any differently. California Franchise Tax is a shitload if you keep money in the corp and then do it as a distribution. So it doesn't make a difference. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409869) |
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Date: December 14th, 2018 8:19 PM Author: Boyish deer antler senate Nice, man! Hit ~$250K this year in net profit for my solo shitlaw firm (4th year in). I don't have your hustle for law, so I think my ceiling if I stay solo (as opposed to expanding) is around $300K/year for just filing and settling 95% of my cases quick. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409847) |
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Date: December 14th, 2018 8:20 PM Author: dun knife associate 180. you should consider buying into a Pounders or Big Rod's franchise as a means of passive investment. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409855) |
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Date: December 14th, 2018 8:21 PM Author: Elite excitant base cumskin Congratulations brother. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409857) |
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Date: December 14th, 2018 8:23 PM Author: aphrodisiac stead I am very interested in learning your ways and trying to apply it to a different state. I joined an old small established PI firm, but it's stagnated and I want to take it to another level, your level. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409862) |
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Date: December 14th, 2018 8:27 PM Author: out-of-control codepig principal's office Why are you paying so much in salary and not doing dividend to avoid the additional social security? Or does the salary go to your s Corp? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409867) |
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Date: December 14th, 2018 8:28 PM Author: mind-boggling narrow-minded coldplay fan Social security contributions cap at $128,400. After that there are no more FICA taxes. If I gave my self a salary sub $128,400 I would get audited PWNED. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409872) |
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Date: December 14th, 2018 8:30 PM Author: out-of-control codepig principal's office Don’t you have to pay the 3.8 percent Medicare which you could be avoiding? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409882) |
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Date: December 14th, 2018 8:31 PM Author: mind-boggling narrow-minded coldplay fan After 200K it's 0.9%, not 3.8%. The cost of keeping it in the corp and then doing it as a distribution is almost identical. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409888) |
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Date: December 14th, 2018 8:38 PM Author: Stimulating Resort Filthpig Are all your "employees" independent contractors? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409919) |
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Date: December 14th, 2018 8:45 PM Author: Submissive shrine goal in life I believe they're also driving Uber on the side to be able to afford to poast (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409942) |
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Date: December 14th, 2018 8:51 PM Author: mind-boggling narrow-minded coldplay fan No, they are on payroll with vacation, sick, and work comp. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409968) |
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Date: December 14th, 2018 8:53 PM Author: irate church gaming laptop would you offer them healthcare if they needed it? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409976) |
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Date: December 14th, 2018 8:57 PM Author: mind-boggling narrow-minded coldplay fan They dont. Everyone has health insurance through their spouse or family. But I would if I had to. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409996) |
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Date: December 14th, 2018 8:58 PM Author: pontificating talented roast beef pervert translation: never hire a goy who needs healthcare. 180 (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409999) |
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Date: December 15th, 2018 9:20 PM Author: Fighting Forum (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37414224) |
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Date: December 14th, 2018 8:53 PM Author: Stimulating Resort Filthpig I see the 55k retirement account contributions. Clearly you maxed out a 401k.
Is everyone else ineligible? |
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Date: December 14th, 2018 9:12 PM Author: Stimulating Resort Filthpig (CSLG busy googling ERISA law, descrimination testing, and 401k safe harbors) (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410077) |
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Date: December 15th, 2018 2:59 PM Author: Stimulating Resort Filthpig Legit trying to help you out with some tax savings...
The P&L shows 55k to retirement contributions. On its face, it looks like you probably did 18k employee and 37k in employer contributions for yourself. Perfect if it was just you and some contractors.
If you have other W2 employees, you can't be doing that. Can't have a 401k plan discriminating.
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Date: December 15th, 2018 3:20 PM Author: Concupiscible multi-billionaire giraffe Pwned (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37412661) |
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Date: December 15th, 2018 3:35 PM Author: mind-boggling narrow-minded coldplay fan Actually no. The 55k is all my SEP IRA. I have no 401k set up for my business. My requirements for my SEP are full time employment, over 21, at least 600 in earnings and 3 years at my company out of the last 5. Since my entity is a new entity this year (I redid my corp), none of the employees have been with me 3 years. So I dont have to contribute for any of them. This is all above board. Once 2 more years pass by ill have to figure out what I want to do. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37412730) |
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Date: December 14th, 2018 8:44 PM Author: odious market 180 (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37409935) |
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Date: December 14th, 2018 10:26 PM Author: Rose brunch 180
how scalable is this in terms of time
for example, if u decide that u'd rather take it easy and make less money, can u just dial up and down the biz whenever u want |
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Date: December 14th, 2018 11:13 PM Author: mind-boggling narrow-minded coldplay fan It doesnt really work like that. The second you start turning down cases from referral sources they cut you off. Also, if voljme starts going down, doctors are less inclined to send you their business. You either are on or off. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410527) |
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Date: December 14th, 2018 11:15 PM Author: Yapping station But you can hire associates to reduce the amount of work you do. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410535) |
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Date: December 14th, 2018 11:19 PM Author: mind-boggling narrow-minded coldplay fan You dont need attorneys to do PI. Just lots and lots of paralegals. You can farm out trials easily to great trial lawyers if cases are worked up well. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410547) |
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Date: December 15th, 2018 12:22 AM Author: Well-lubricated Newt If you farm trials out to other lawyers what is the breakdown on fees then? They will want half of the contingency? Or more? (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410766) |
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Date: December 15th, 2018 3:36 PM Author: mind-boggling narrow-minded coldplay fan 50/50 and they pay 100% costs and do 100% of the work. (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37412732) |
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Date: December 14th, 2018 10:28 PM Author: Onyx cruel-hearted institution 180 (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37410353) |
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Date: December 25th, 2018 6:24 PM Author: bistre arousing theater stage Gotta cut dem telephony expenses bro (http://www.autoadmit.com/thread.php?thread_id=4156090&forum_id=2#37469096) |