Re:Uber, Lyft Drivers Earning a Median Profit of $3.37 per H...
by pure on Friday March 02, 2018 @12:34PM
(#16503729)
I don't know why you're getting downvoted. The single member S-Corp is a very common setup for individual freelancers/consultants precisely for this reason. FICA taxes aren't paid on distributions.
To do this, the single member has to pay themselves a "reasonable salary", but there aren't strict guidelines on this. It's a gray area, and some people push it (and lose), but it's a very common setup.
To do this, the single member has to pay themselves a "reasonable salary", but there aren't strict guidelines on this. It's a gray area, and some people push it (and lose), but it's a very common setup.