Our Comprehensive Starting a Business Checklist includes the steps for Pre-Startup, Business Formation and How to Establish your Startup. It’s your roadmap to launch a new business while protecting your personal assets and income.
In this post, I will be addressing how to pay yourself as a business owner and these related subjects:
Business owner compensation overview
Why does Reasonable Compensation of business owners matter
S-Corp Shareholder Employee compensation
C Corporation Shareholder Employee compensation
Distribution of Property & Cash to Other Shareholders
Taxes Applicable When a Business is Sold to a New S Corp or C Corp owner
Partnerships – Compensation, Distributions & Sale Proceeds Tax Consequences
Sole Proprietorships Compensation,Distributions & Sale Tax Consequences
LLC Member Compensation, Distributions & Sale Tax Consequences
In part 1 of this series, we discussed the various options to incorporate multiple businesses while keeping each business as a separate entity. But what if you want to keep all of your businesses under one roof?