Mac,
Great insight. But the truth is we are not just wireless alcholics with an
addiction to build. There is a reason we (WISPs) keep building. The reason
is.... after considering the impact the new tower build would have, we can
truthfully look at the big picture and say that our company is better off
with the tower than without, from an evaluation/financial point of view. If
a move brings a company in a positive direction, why not do it? The new
tower never costs as much as the early ones. Everytime a new tower is
built, new opportunity gets created, but old costs get shared, such as the
upfront fixed costs of backbone transit bandwdith and primary overhead
office staff. In this business, its hard to stay small.
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
----- Original Message -----
From: "Mac Dearman" <[EMAIL PROTECTED]>
To: "'WISPA General List'" <wireless@wispa.org>
Sent: Monday, December 18, 2006 3:29 PM
Subject: RE: [WISPA] salary
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
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