Steve.... Have you seen the books?? The players and staff were paid 6 figures but 7 figures are missing if we are to believe what Larry said when he told everyone that the money for 2 seasons was in the bank... 2 million???
When they reincorporated leaving behind the old shareholders to allow new investors it was all just to get to 6 figures????? Barry blew the lid off this awhile back and his silence was bought according to Nathan's comments...... The money wasn't there according to Barry... IF it was at some point you may be incorrect about Larry hasn't made a cent.. Maybe he transferred his personal losses to the investors and recouped some of the money he had invested over the years... Just no way to know without someone looking and the SEC could be that someone....
I understand we don't know all of the facts on AZ but with enough brush strokes the painting starts to appear eventually....
If Larry sent a letter to the state dept on Lee's behalf stating that Lee was to be the referee then there may very well be something in writing even if Lee doesn't have a copy of the contract.....
What a wicked web we weave when... you know the rest.....
Chris
Chris, the truth will come out when the labor department and IRS look at their books, and i show them all the messages and evidence of the treatment i got off them.
Steve is bending the truth to make them look good and funny how he writes it today after they would of received the letter off the labor department. Once again bonus ball trying to pull the wool over everyone's eyes.
Steve you are an employee, employees can't be paid in merchandise...
Hire a Contractor or an Employee?
Independent contractors and employees are not the same, and it's important to understand the difference. Knowing this distinction will help you determine what your first hiring move will be and affect how you withhold a variety of taxes and avoid costly legal consequences.
What’s the Difference?
An Independent Contractor:
Operates under a business name
Has his/her own employees
Maintains a separate business checking account
Advertises his/her business' services
Invoices for work completed
Has more than one client
Has own tools and sets own hours
Keeps business records
An Employee:
Performs duties dictated or controlled by others
Is given training for work to be done
Works for only one employer
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Savings in labor costs
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Why Does It Matter?
Misclassification of an individual as an independent contractor may have a number of costly legal consequences.
If your independent contractor is discovered to meet the legal definition of an employee, you may be required to:
Reimburse them for wages you should've paid them under the Fair Labor Standards Act, including overtime and minimum wage
Pay back taxes and penalties for federal and state income taxes, Social Security, Medicare and unemployment
Pay any misclassified injured employees workers' compensation benefits
Provide employee benefits, including health insurance, retirement, etc.
Tax Requirements
Visit the IRS Independent Contractor or Employee guide to learn about the tax implications of either scenario, download and fill out a form to have the IRS officially determine your workers’ status, and find other related resources.
Employment Information
There is no single test for determining if an individual is an independent contractor or an employee under the Fair Labor Standards Act. However, the following guidelines should be taken into account:
The extent to which the services rendered are an integral part of the principal's business
The permanency of the relationship
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The alleged contractor's opportunities for profit and loss
The amount of initiative, judgment, or foresight in open market competition with others that is required for the success of the claimed independent contractor
The degree of independent business organization and operation