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Hypothetical financial question
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<blockquote data-quote="etr" data-source="post: 1410693" data-attributes="member: 23330"><p>Im not sure your math makes much sense. Your 20k employee is going to cost you more than 20k---payroll taxes, insurance, and any benefits? corporate structure---LLC? S Corp?. In addition, that level of employee (basically $10 hr) will be hard to depend on long term, meaning turnover. By quitting the off the farm job will you be able to expand and increase revenue to at least meet the 80k? Is there a quality of life you would gain by being on the farm full time that is worth dollars to you? It seems there are details missing to give an educated opinion.</p></blockquote><p></p>
[QUOTE="etr, post: 1410693, member: 23330"] Im not sure your math makes much sense. Your 20k employee is going to cost you more than 20k---payroll taxes, insurance, and any benefits? corporate structure---LLC? S Corp?. In addition, that level of employee (basically $10 hr) will be hard to depend on long term, meaning turnover. By quitting the off the farm job will you be able to expand and increase revenue to at least meet the 80k? Is there a quality of life you would gain by being on the farm full time that is worth dollars to you? It seems there are details missing to give an educated opinion. [/QUOTE]
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