8 ms·
How does one zero out the profits? Pay yourself as a contractor?
by igammarays 6y ago
How does one zero out the profits? Pay yourself as a contractor?
- ilovepitchdecks 6y agoExactly. If you're outside the US, you can only be a contractor, even if you work full-time for your company. There are no caps on how high a contractor's fee can be - that's not the case with employee salaries. There are more fancy options, such as having a second, foreign company owned by you be the contractor - if you want to avoid personal income taxes in whatever country you live in. Beware of CFC regulations though. For US founders, S Corps are better.