News for hackers. Stuff that matters.

A comment on We got our first Delaware tax bill: $74,018.74. Parent comment

Re:We got our first Delaware tax bill: $74,018.74 by dmix on Tuesday August 12, 2014 @10:45AM (#8167934)
A good reason to avoid having formal employees for such a small company. Wait until you can afford a good accountant or advisor.
[ Parent | on HN ]
Re:We got our first Delaware tax bill: $74,018.74 by rmah on Tuesday August 12, 2014 @12:30PM (#8168542)
That'll probably just get you slapped with even more fines. If you work for/on your company, you're an employee. The mere fact that you own 50% or even 100% of it is irrelevant.
[ Parent | on HN ]
Re:We got our first Delaware tax bill: $74,018.74 by alasdair_ on Tuesday August 12, 2014 @12:50PM (#8168677)
Is this true even if you don't take any payment initially?

If so, how do all those bootstrapped startups manage to avoid minimum wage laws?

[ Parent | on HN ]