Originally Posted by James Brown
Sigh. LLCs and partnerships don't issue stock and we don't have options. Fundamentally, our business and taxation model is as simple as a couple of kids who partner up to sell lemonade. We pay our costs and expenses and split up the rest. In good times there is something nice to split up. In bad time there is no guarantee.
That's the same thing I do. I get PAID, PERIOD. I wouldn't be in business long if I never made any money and just got paid my expenses.
I'm a sole proprietor and you said that your billing was $450 per hour. I understand you have expenses.
Your company takes in $450 per hour/ PER LAWYER who bills. You're wanting to play semantic word games here with "gee, I don't get a salary PER SE". NO SHIT.
I understand that.
Tell me this. DO YOU BILL $450 PER HOUR OVERALL? In other words when EVERYONE OF YOUR EMPLOYEES WORKS do you Only bill $450 per hour for the day?
Answer is NO.
EACH LAWYER who is ON THE CLOCK, BILLS customers $450 per hour, or some portion of that rate.
In other words, your entire company does not bill $450 per hour X an 8 hour day
IS that factual?
It bills MUCH More is that correct?
Please answer that single question, because the resident Troll Brian McFarland is confused.
And btw I don't begrude that you make LOTS Of money and you've made LOTS Of money over the decades.
I find it disturbing that you would think that it is acceptable that little guys, guys unlike you and even myself, would get hurt and its OK, because that's just the cost of hysterical overreacting in this country being PUSHED by the media.
There are people out there who aren't that brainy, certainly that don't have the skill level and the brainpower you have.
They can't just say I'll get another $12 per hour job. They will never have much, unfortunately for them.
They haven't the skill set and they may be middle aged 35-45 with limited skills. They might be cooks in a restaurant and now that restaurant isn't coming back.
For them, this massive destruction of the economy means they may not have that job.
This situation created by the hysterics is creating spectacular damage to businesses that employ these people.
There are dry cleaners who have nothing coming in.
There are massage therapists who have nothing coming in.
There are retail workers in small shops who have nothing coming in.
The gov't can promise the world. They can't deliver. Unemployment will take at least 2 weeks if not 4 weeks to start doling out checks.
This is UNNECESSARY. The death toll is unfortunately OVERBLOWN. It is NOT 1/%. It is FAR less.
When all is said and done I predict the 'experts' will look back and say "we ran the numbers and this wasn't nearly as bad as we predicted".
This will come down next year some time. When the country has taken this massive hit will you then say "yes it was still worth it"?