Anyone have or know of others who have a commission-based assistant? I seriously doubt this is legal I don't know why anyone would except such a role but there are definitely people out there doing

likehelpful
Posting as :
works at
You are currently posting as works at

It is if the person is licensed and sponsored by the firm

Why would it not be legal?

It would not be legal because it is a gray area that can be debated in a court of law whether the person is rendering their services to you as an independent contractor or whether that person is acting as your employee in a W-2 capacity. That person can agreed to work as your assistant on a commission basis and then later turn around and sue you for wages and overtime because they should have been treated as a wage earning employee the entire time but they were just too stupid to realize it until later

It’s the exact same with every w2 advisor that earns commissions instead of hourly wages

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