OK yeah. He is a recent grad from Dartmouth and his company markets exclusively to college students and boasts $500,000 in sales.
This might sound like a lot but it’s not enough to have many employees. He’s essentially a self-employed kid young man acting as the sole managing member of a disregarded entity and his “Pakistani employee” is likely a 1099 gig-worker, not a w2 employee.
So, big grain of salt here. It’s a kid young man cosplaying as a big-shot CEO on social media. Maybe don’t luigi this one until he’s had the chance to actually be a colossal piece of shit.
Edit: trying to learn not to call young adults kids, even when they totally look or act like one
I’m not familiar, but those both sound like visas for foreign workers? From the original post, I don’t think the developer is living in a western country. I think it’s outsourced to a Pakistani living in Pakistan.
Just the tax forms. I should’ve said [sub-] contractor instead of 1099 sorry. Calling a contractor an employee publicly on social media is a hilarious way to owe back taxes but he has no experience with that yet. He just started and thinks he knows everything.
Fun story on that subject! When I was a kid my dad briefly worked for a online shopping company and when he was laid off he filed for unemployment. Upon filing for unemployment he learned he was misclassified as a independent contractor and became the center of a lawsuit between the DOL and his old employer. He ultimately got unemployment benefits and a severance btw
I’ll bet $50 this “CEO” has very few “employees.” Maybe just one. Which makes the screenshot message even sadder.
OK yeah. He is a recent grad from Dartmouth and his company markets exclusively to college students and boasts $500,000 in sales.
This might sound like a lot but it’s not enough to have many employees. He’s essentially a self-employed
kidyoung man acting as the sole managing member of a disregarded entity and his “Pakistani employee” is likely a 1099 gig-worker, not a w2 employee.So, big grain of salt here. It’s a
kidyoung man cosplaying as a big-shot CEO on social media. Maybe don’t luigi this one until he’s had the chance to actually be a colossal piece of shit.Edit: trying to learn not to call young adults kids, even when they totally look or act like one
Meh. Act’s like a kid, is likely a kid.
This is admirable, I could do better about that myself.
I’m not familiar, but those both sound like visas for foreign workers? From the original post, I don’t think the developer is living in a western country. I think it’s outsourced to a Pakistani living in Pakistan.
Just the tax forms. I should’ve said [sub-] contractor instead of 1099 sorry. Calling a contractor an employee publicly on social media is a hilarious way to owe back taxes but he has no experience with that yet. He just started and thinks he knows everything.
They are tax forms, a W2 is an employee (basically) and a 1099 (usually -NEC) is a contractor.
More info about to differences on irs.gov
Fun story on that subject! When I was a kid my dad briefly worked for a online shopping company and when he was laid off he filed for unemployment. Upon filing for unemployment he learned he was misclassified as a independent contractor and became the center of a lawsuit between the DOL and his old employer. He ultimately got unemployment benefits and a severance btw
Those are just tax code for employee/self employed contractor