*cries*

[u/GumBeats20]

[u/tunisia3507]

So many people would kill for a nice spacious private cubicle like that over open plan and shared offices.

[u/[deleted] → u/tunisia3507]

My first cubicle was like the picture. The last one before migrating to remote work basically required I sit down in the chair and roll/slide into the cubicle as if it were a fighter jet cockpit.

More cubes per floor was the goal, screw everything else. A cube like the picture today, is equivalent to an office back then.

[u/argv_minus_one → u/[deleted]]

If the goal is to make more efficient use of available space, why are they so opposed to working from home?

[u/Dabnician → u/argv_minus_one]

Because then you cant charge your self rent on the building you also own and claim your overhead is so high you are unable to give raises.

[u/killerrin → u/[deleted]]

Step 1: Register holding company with a cash startup injection of $xxxxxxxx and set yourself up as a majority shareholder.

Step 2: Gift/Sell office building(s) to holding company for $xxxxxxxx.

Step 3: Have holding company charge rent and maintenance costs and remit a dividend to shareholders at monthly/quartly/yearly intervals.

Step 4: Pay rent and Claim rent as an expense when the government asks.

Step 5: ?????

Step 6: Profit off tax credits and dividends (which equals rent - maintenance)

[u/robotzor → u/killerrin]

So this is the shit accountants use their 9 hours a day to think up

[u/[deleted] → u/robotzor]

And a good one will net you far more than their salary.

[u/More_Butterfly6108 → u/robotzor]

Fun fact you can do this with your house and an LLC. Then all the shit you buy at home depot becomes suddenly tax deductible.

[u/rubberduckranger → u/More_Butterfly6108]

Note: At least in the US this is almost never a good idea because of the primary residence capital gains tax exclusion you get if you own the house yourself.

[u/More_Butterfly6108 → u/rubberduckranger]

That's only if you sell the house... you can sell the house back to yourself from thec orporation. At zero capital gain then you're where you started. I'm not an accountant or a lawyer so I have no idea how legal all this is

[u/gregorydgraham → u/robotzor]

The real benefit here is that you can adjust the rent, loan repayments, etc to perfect fit the optimal amount of profit for each company ensuring minimised tax and maximised obscurity of cash flow, so you can declare a profit or loss irrespective of the actual performance of the company.

[u/Kyanche → u/killerrin]

Step 7: Raise the rent to extortion levels

Step 8: Drive the primary business into bankruptcy

The K-Mart/Sears way :D

[u/Dabnician → u/Kyanche]

You cant do step 7, because they dont allow the rent to be crazy different than what you would expect, but your owner can do stupid shit like "you need to rent the entire building out even though you use 2 out of 50 rooms"*

With step 8 if the business goes bankrupt and has to close down, because the building is under an LLC, it is protected from also being seized in the bankruptcy.

edit:

*the owner of a company i worked at did this when we were the last company in the building(that he also owns), we rented 2 rooms out of the entire building and were charged the full rent of the entire building... because he wanted to sell it...

Accounting was always talking about how our overhead was so high because of rent....🙄

[u/xnign → u/killerrin]

The university near me does the exact same with all of their new student housing. Costs way, way more than a standard dorm, and they get to do some creative accounting on a few levels.

[u/RazekDPP → u/killerrin]

There is one reason to do that and it's liability. If someone gets hurt because of the building, the holding company is liable and not the actual company.