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Going in-house might be better than making partner

I'm in a boutique where PPP are ~1 mil. Non-equity partners ...
waka
  03/12/18
It's a personality question.
Why were clowns?
  03/12/18
The drop from 385K to 225K is going to kill me, though, but ...
waka
  03/13/18
ljl how are you going to survive that bro
$20,000/head "Pradeep tax" on H1-B's
  03/13/18
he's going to have to drop his kids off at the local orphana...
Toro XI
  03/13/18
can bros still make money doing gay for pay?
$20,000/head "Pradeep tax" on H1-B's
  03/13/18
i think you're looking for earl
Toro XI
  03/13/18
non equity partners have to buy in? ljl
jerold
  03/13/18
They have to set aside $ in case they do make equity partner...
waka
  03/13/18
The benefit to making partner is the potential upside.
Toro XI
  03/13/18
that's also the benefit to working for a startup or buying a...
$20,000/head "Pradeep tax" on H1-B's
  03/13/18
sure. going in-house is kind of a dead-end growth wise. i...
Toro XI
  03/13/18


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Date: March 12th, 2018 10:04 PM
Author: waka

I'm in a boutique where PPP are ~1 mil. Non-equity partners are making around 550k, but they have to buy in (around 150K), pay for health insurance, and no 401k matching.

An in-house gig I'm interviewing for is closer to home, no billables, 9-5, health bennies, 401k match, and 225K salary.

Seems fairly comparable if you ask me

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35591571)



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Date: March 12th, 2018 10:05 PM
Author: Why were clowns?

It's a personality question.

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35591579)



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Date: March 13th, 2018 10:52 AM
Author: waka

The drop from 385K to 225K is going to kill me, though, but I'm looking forward to the reduced workload

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594252)



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Date: March 13th, 2018 10:55 AM
Author: $20,000/head "Pradeep tax" on H1-B's

ljl how are you going to survive that bro

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594276)



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Date: March 13th, 2018 10:55 AM
Author: Toro XI

he's going to have to drop his kids off at the local orphanage

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594279)



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Date: March 13th, 2018 10:56 AM
Author: $20,000/head "Pradeep tax" on H1-B's

can bros still make money doing gay for pay?

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594284)



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Date: March 13th, 2018 10:56 AM
Author: Toro XI

i think you're looking for earl

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594288)



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Date: March 13th, 2018 10:54 AM
Author: jerold

non equity partners have to buy in? ljl

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594266)



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Date: March 13th, 2018 11:33 AM
Author: waka

They have to set aside $ in case they do make equity partner. The whole arrangement seems messed up. Itís like hey, you probably wonít have the cash to buy in later so weíll just take it from you now. Lol. They do give you 5 years to pay in. Itís a brilliant way to get more work out people. Associates work hard at the chance to make partner (non equity) then the clock gets reset and non equities have to work even harder to bec equity partners. Itís a 13-15 yr plan.



(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594571)



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Date: March 13th, 2018 10:54 AM
Author: Toro XI

The benefit to making partner is the potential upside.

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594274)



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Date: March 13th, 2018 10:55 AM
Author: $20,000/head "Pradeep tax" on H1-B's

that's also the benefit to working for a startup or buying a lottery ticket

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594281)



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Date: March 13th, 2018 10:56 AM
Author: Toro XI

sure.

going in-house is kind of a dead-end growth wise. if you're okay with that, then it can be the right choice.

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594286)