Re:Ask HN: LLC/S-Corp for web dev shop ownership + salaries?
by jesusmichael on Monday June 02, 2014 @04:50PM
(#7836282)
Ok to answer your questions in order.
1. Any corporate structure will allow you to split evenly.
2. See #1
3. See #1
4. If you 1099 yourself you're defeating the purpose of the S-corp election... would prevents being taxed twice. You can either take periodic distributions or pay yourself as employees of the LLC. Either way you'll have to pay taxes
1. Any corporate structure will allow you to split evenly. 2. See #1 3. See #1
4. If you 1099 yourself you're defeating the purpose of the S-corp election... would prevents being taxed twice. You can either take periodic distributions or pay yourself as employees of the LLC. Either way you'll have to pay taxes