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At plenty of companies, 250k is not enough to make payroll.
by cowsandmilk 4y ago
At plenty of companies, 250k is not enough to make payroll.
- tsimionescu 4y agoSure, but the actual amount should be significantly more (a comment around was saying that any account secured with two signatures is ensured up to 500k, for example). And, it should be enough for the mid-month payroll of a 25-person team, which is the kind of company GP was talking about.
- JumpCrisscross 4y ago> 250k is not enough to make payroll Plenty of firms will buy the uninsured deposit claims at a discount. Taking the haircut to make essential payments is worth avoiding disruption.
- dehrmann 4y agoFor 25 people making $200k, you get maybe one payroll run out of $250k.