State: Alabama
I am forming a company with 2 friends. We are interested in keeping payroll flexible and if possible, avoiding it. One idea we had to completley avoid payroll, was creating a partnership between 3 corporations. One held by each of us. We could then - when the time arose, write checks from the partnership to the corporations for "services rendered" by each of us. We could each manage our own corporation and pay any profits to ourselves as dividends.
Is this possible? If not any ideas? Thanks!
I am forming a company with 2 friends. We are interested in keeping payroll flexible and if possible, avoiding it. One idea we had to completley avoid payroll, was creating a partnership between 3 corporations. One held by each of us. We could then - when the time arose, write checks from the partnership to the corporations for "services rendered" by each of us. We could each manage our own corporation and pay any profits to ourselves as dividends.
Is this possible? If not any ideas? Thanks!