The COVID 19 Era has begun. In addition to lives lost, there’s an economic toll that has yet to be determined at the time this content is being written. With small businesses on life support, these are scary times for business owners and for the intermediaries helping owners navigate through them. So how has COVID 19 affected business transactions?
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