484, Can you pay yourself without getting a regular salary?|
Posted by pilinut, Wed Jan-23-08 01:47 PM
My husband and I started a publishing business in 2006. This last year we made a small profit. We want to keep investing the profit primarily back into the business, but as we grow, we'd like to take a small amount out. It won't be enough to be a regularly paid salary for at least another year. We are incorporated and we do not want to decrease our basis. Are there any other legal options? Bonuses? Can you pay bonuses if you are not paying salarys?
I'm sure other start-ups must have to deal with a similar situation.