Carlyle Search Group vs. self-employment
Thinking about the benefits of our program vs. going out on your own and forming your own company?
We’ve modeled estimated costs involved if you were to choose to become truly self-employed.
| Carlyle Search Group | Self-Employment (with office) | Self-Employment (without office) | |
|---|---|---|---|
| Gross Receipts | $ 150,000.00 | $ 150,000.00 | $ 150,000.00 |
| Rent | $ - | $ 18,000.00 | $ - |
| CAM | $ - | $ 1,200.00 | $ - |
| Utilities | $ - | $ 1,200.00 | $ - |
| General Liability Insurance | $ - | $ 2,400.00 | $ - |
| Workers Comp. Insurance | $ - | $ 500.00 | $ - |
| Federal Unemployment Insurance (FUTA) | You ARE eligible for federal unemployment benefits | No State Unemployment benefits available to self-employed | No State Unemployment benefits available to self-employed |
| State Unemployment Insurance (SUTA) | You ARE eligible for State unemployment benefits | No State Unemployment benefits available to self-employed | No State Unemployment benefits available to self-employed |
| Phone | $ - | $ 1,200.00 | $ 1,200.00 |
| Voice Mail Service | $ - | $ 300.00 | $ 300.00 |
| Internet | $ 600.00 | $ 600.00 | $ 600.00 |
| E & O Insurance | $ - | $ 5,000.00 | $ 5,000.00 |
| LinkedIn Subscription | $ - | $ 1,439.40 | $ 1,439.40 |
| Source Database Subscription | $ - | $ 600.00 | $ 600.00 |
| ATS Subscription | $ - | $ 1,188.00 | $ 1,188.00 |
| State/City Business Licenses | $ - | $ 500.00 | $ 500.00 |
| Benefits Allocation | $ - | $ 1,800.00 | $ 1,800.00 |
| Website Hosting | $ - | $ 2,500.00 | $ 2,500.00 |
| E-mail Hosting | $ - | $ 240.00 | $ 240.00 |
| Supplies (Checks, business cards, etc.) | $ - | $ 1,200.00 | $ 1,200.00 |
| Training | $ - | $ 1,200.00 | $ 1,200.00 |
| Legal (Contract Preparation, etc.) | $ - | $ 1,000.00 | $ 1,000.00 |
| Accounting/Bookeeping (AP/AR) | $ - | $ 2,500.00 | $ 2,500.00 |
| Tax Return/1099 Preparation (State/Fed.) | $ - | $ 5,000.00 | $ 5,000.00 |
| Annual State Filings (PP Tax, etc.) | $ - | $ 1,500.00 | $ 1,500.00 |
| Total Expenses | $ - | $ 51,067.40 | $ 27,767.40 |
| Subtotal | $ 104,400.00 | $ 98,932.60 | $ 122,232.60 |
| Self-Employment Tax (15.3%) | $ - | $ 15,136.69 | $ 18,701.59 |
| Net Income | $ 104,400.00 | $ 83,795.91 | $ 103,531.01 |
As you can clearly see, we’ve created such an aggressive compensation plan that it simply doesn’t make sense to go out on your own. In addition, there are other considerations that can’t easily be quantified and are not included in these calculations. For example, how much will your capital expenditure requirements be to build a website, create Articles of Organization, Bylaws, attorney fees to create and/or review contracts, etc.?
Even more importantly, how much time will it take to perform all the administrative tasks and responsibilities of being self-employed? Do you want to spend time with administration or spend time closing more deals and making more money?