On Thu, Aug 27, 2009 at 1:38 PM, Anthony wikimail@inbox.org wrote:
On Thu, Aug 27, 2009 at 1:23 PM, Thomas Dalton thomas.dalton@gmail.comwrote:
2009/8/27 Anthony wikimail@inbox.org:
I'm not convinced Halprin is even employed by the Omidyar Network. According to the website, he is a partner. Partners aren't employees.
I think partners usually are employees, just ones with a stake in the business.
You're probably not an accountant who has kept the books of partnerships, then (at least not in the US). By law, partners are not employees. Payments received by partners for services rendered are "guaranteed payments", not "wages".
And not all partnerships even pay guaranteed payments. It's quite common for partners to get paid as a share of the net profits of the partnership, not for services rendered.