Gino,
That's a question that Larsen and I have been hunting an answer to for a couple years. We both said we were going to sit back and collect some of our initial investments back over a year ago. I know Larsen is still hanging gear in every town along the 3 States he borders (get 'em son) and also created one of the longest "production" wireless backhaul links (60+ miles) of anybody anywhere that I am aware of. I too have built 7 new towers in the last few months and built out about a dozen new towns and gone to all fiber. My point is this - - - it's a vicious circle! When is enough - enough? We get a new tower up and swear "this is the last", but from that tower there is another community that is yet without internet connectivity and just one more little hop will get them caught! It's a never ending story - - - looks like we need a "wireless anonymous" group to help us break the cycle!! If you find the cure - - send Larsen and myself a double dose. Mac -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Gino A. Villarini Sent: Monday, December 18, 2006 12:51 PM To: 'WISPA General List' Subject: RE: [WISPA] salary The question I always ask myself is when to stop upgrading and expanding.. Gino A. Villarini [EMAIL PROTECTED] Aeronet Wireless Broadband Corp. tel 787.273.4143 fax 787.273.4145 -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of George Rogato Sent: Monday, December 18, 2006 12:08 PM To: WISPA General List Subject: Re: [WISPA] salary Ditto, and we make enough profit to roll the profit back into our business in network upgrades, etc. If I stopped my upgrades and just collected money, I could lay someone off and make a very handsome roi. George John Scrivner wrote: > Yes. We earn salary and profits. It is not as much as I would like but > our company is profitable and has been for 9 years. > Scriv > > > Brian Rohrbacher wrote: > >> Is this all such a big deal? You guys actually have profits!? >> >> Brian >> >> John Scrivner wrote: >> >>> I do not think any WISPs here really know the answer to this. What is >>> needed is an answer from an accountant. If anyone on here is a CPA >>> and can share what the rules are I would be glad to see them. I do >>> not believe that simply drawing profits from a S corp WISP as opposed >>> to taking a salary is tax evasion. In a S corp you pay taxes for >>> profits same as you do for payroll. Where you might have a problem is >>> with unemployment insurance, social security, workmans comp, etc. >>> Those are based on payroll. Profits are not in the calculation. >>> Essentially you are dodging those when you do not take a salary. >>> Scriv >>> >>> >>> >>> Charles Wu wrote: >>> >>>> <snip> >>>> Zero. When the CEO is also the primary investor, and the company is >>>> an S-corp or LLC, why pay payroll tax, when you can just take a >>>> repayment of loan? >>>> The salary of the CEO can be meaningless unless also disclosed >>>> wether they have an equity position or not, and of what caliber. >>>> </snip> >>>> >>>> B/c when you get audited by the IRS (which for any small business, >>>> is just a >>>> matter of time), you will FINED for tax evasion... >>>> >>>> -Charles >>>> >>>> ------------------------------------------- >>>> WiNOG Wireless Roadshows >>>> Coming to a City Near You >>>> http://www.winog.com >>>> >>>> >>>> -----Original Message----- >>>> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On >>>> Behalf Of Tom DeReggi >>>> Sent: Friday, December 15, 2006 1:51 AM >>>> To: WISPA General List >>>> Subject: Re: [WISPA] salary >>>> >>>> >>>> >>>> Tom DeReggi >>>> RapidDSL & Wireless, Inc >>>> IntAirNet- Fixed Wireless Broadband >>>> >>>> >>>> ----- Original Message ----- From: "Travis Johnson" <[EMAIL PROTECTED]> >>>> To: "WISPA General List" <wireless@wispa.org> >>>> Sent: Thursday, December 14, 2006 8:55 PM >>>> Subject: [WISPA] salary >>>> >>>> >>>> >>>> >>>>> Hi, >>>>> >>>>> Just taking a quick survey... answer if you can, but be honest... ;) >>>>> >>>>> What is the salary of the CEO of your ISP? Even if you can share the >>>>> percentage of that salary compared to annual gross revenue... >>>>> >>>>> Travis >>>>> Microserv >>>>> -- >>>>> WISPA Wireless List: wireless@wispa.org >>>>> >>>>> Subscribe/Unsubscribe: >>>>> http://lists.wispa.org/mailman/listinfo/wireless >>>>> >>>>> Archives: http://lists.wispa.org/pipermail/wireless/ >>>>> >>>> >>>> >>>> >>>> -- George Rogato Welcome to WISPA www.wispa.org http://signup.wispa.org/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
