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smollaei4 karma

Not necessarily. However, the word "entrepreneur" gets used more these days than ever. It somehow sounds "cool" to say you're an entrepreneur or a founder. When it comes to entrepreneurs or founders to mean business owners who can't afford to pay you -- I don't find that true in my personal experience. Usually the entrepreneurs I meet are super bright individuals who have a passion to be creative and start something on their own. I haven't really struggled with entrepreneurs or founders who can't afford to pay.

smollaei4 karma

GREAT question. Best advice I can give you in this market: if you get full scholarship to an ABA accredited school, then go. If you don't get full scholarship: don't.

If you can be a successful lawyer, then you can be successful in anything else. Law degree doesn't mean anything anymore until you prove it in the real world.

smollaei3 karma

Taken out of context much?

smollaei3 karma

I would have to agree with you that things aren't the way they used to be but I don't think it's AS bad as explained it. I mean it's still up to the individual lawyer to market himself and pick up a following to the best of his or her capability.

While there are more venues to seek cheaper help (ie, Legal Zoom), lawyers typically do not replace the value of service that those websites offer.

Being a lawyer definitely does not guarantee you anything. You have to make it for yourself -- the same way you have to make it out for yourself in any other field.

smollaei2 karma

GREAT question. As you stated, LLC's and Corporations must pay a minimum tax of $800 to the California Franchise Tax Board each year. This tax is treated separately from any income, self-employment or payroll tax. It does not matter if the business does less than $800 of business that first year -- the business is still liable for the minimum tax of $800 to the California Franchise Tax Board.