There isn't any real way around it, but from what I've seen on some other posts is that you only need to dump your equipment the first 2 or 3 times. After that, the guards don't want to mess with you, so you have plenty of time to find someone to buy off your bounty.
They do kinda mention it when you join the guild. The guildmaster specifically says that members aren't allowed to steal from anyone. It does suck though, since my assassin steals anything of worth that isn't nailed down.
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