What is the name of your state (only U.S. law)? California
Hi,
I am starting a business with a few thousand dollars at my expense only. I can't really afford to pay myself a salary let alone a reasonable one. How can I avoid paying myself a salary or may be paying a few hundred dollars in the beginning until I start getting business?
My CPA said to at least pay a $1000 per month to avoid any issues with IRS.
Also, is there a way to legally transfer the salary I take back into my company bank account?
Thanks,
emtiaz
Hi,
I am starting a business with a few thousand dollars at my expense only. I can't really afford to pay myself a salary let alone a reasonable one. How can I avoid paying myself a salary or may be paying a few hundred dollars in the beginning until I start getting business?
My CPA said to at least pay a $1000 per month to avoid any issues with IRS.
Also, is there a way to legally transfer the salary I take back into my company bank account?
Thanks,
emtiaz