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Big worm? Big who? Big...I don't give a damn!
Wassup Big Perm, I mean Big Worm 🤣🤣🤣
Welp at least one guy posting shit knows what’s up.
But yeah that could never happen, never ever ever. Lol
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Seeing you're tight with Tony, can you ask if he's into fishnets too?
Sometimes you just gotta jump in the fire
I’m not trying to say the Keefers, or anyone else is wrong, and I’m definitely not trying to be argumentative. I’m just stating what my experience was. I asked why would he need an LLC because I don’t understand the point of a 19 year old kid needing an LLC unless they’re making 60k and have at least 75k in assets. Yes, I know most pros have either an LLC or an s corp, but it’s not for liability reasons, it’s for tax purposes.
I went S Corp for payroll reasons, and I didn’t own any real estate at the time. If I had known real estate law back then, I’d of gone LLC.
It could be a requirement by the team he is on. The team's insurance company may require it . Employee's have to be covered by workers comp insurance. Something that just may be impossible to do for a motocrosser, or could be insanely expensive. As the business owner he doesn't need workers comp. The team might get a better rate on their insurance if they only use subcontractors who are LLC's . So as a result they require riders to form one.
Or he could just have thought it was the best way to go about doing things. There doesn't have to be a reason that makes sense to anybody but him. It doesn't have to be the only way of doing something to have done something that way.
But I don't think that was the issue, they just hadn't gotten the proper forms in. It was speculation by many that he might have had something delay him like forming an LLC. Or whatever. But in the end he didn't file the form. I didn't notice if they said in the statement if he has an LLC or is a sole proprietor. But he has to be one or the other to ride for a team. I remember hearing something on a podcast talking about the insurance being a reason that no riders are team employee's . I'm sure there are many subcontractors on here who found out they couldn't perform work as a sub until they have a legal business setup.
The dumbgeon called.....
It is wondering why this thread is still here instead of the place it was destined to be from birth.
Spot on. This is a massive big fat nothing burger.
All that happened is those brain surgeons, the Queefers were too dumb to fill out a couple of rudimentary forms, and then that old creep Qris Queefer went on a podcast and said riders weren't getting paid. No conspiracy. No dastedly behaviour from MX Sports or the AMA. Just pea-brained Queefers.
Correct tax deductions is why they do it and doing it correctly they can deduct every penny they spend and also deduct every mile they drive.
Oh yeah the list is endless. If they start making real good money . Buy land & say you use for for training even if you don’t . Certain amount of money into 401k & ira,s. Your van & parts for it. The object is to show very little profit . Your health insurance is much cheaper then too.
You are an unpleasant person, why is that?
Are you purely driven to get mental stimulation by any means necessary?
It was a mistake and at the end of the day noone got hurt. Seems like we should tone down the insults a bit and go with something more lighthearted, how about PNK (Pro National Kris)?
No, I just don't like Queefer.
I'm not going to read through 12 pages...can someone tell me if it turned out to be AMA's responsibility or MXSports'?
Keefer's post didn't really clarify that part. Who pays the purse money?
MX Sports.
Pit Row
mxsports pays,
lil keefer and a few others hadn't fulled out the tax paperwork,
Thx 👍
MxSports pays the riders but it's the riders responsibility to supply the correct tax and banking information to MXSports...the change that has been made because of this is that they will now teach these kids how to submit the proper paper work during the combines.
Post a reply to: AMA Not Paying?