[Foundation-l] Omidyar Network Commits $2 Million Grant to Wikimedia Foundation

[Anthony]

On Thu, Aug 27, 2009 at 1:38 PM, Anthony <wikimail at inbox.org> wrote:

> On Thu, Aug 27, 2009 at 1:23 PM, Thomas Dalton <thomas.dalton at gmail.com>wrote:
>
>> 2009/8/27 Anthony <wikimail at 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.