4 ms·
If you have zero revenue, how are you paying yourself a salary from the S Corp?
by antasvara 3y ago
If you have zero revenue, how are you paying yourself a salary from the S Corp?
- gavinhoward 3y agoI don't have an S Corp.
- zapcto 3y agoSuch a complete misreading of your comment has to be deliberate
- antasvara 3y agoMy general question is: how are you paying yourself money from a business woth zero revenue? The type of business is irrelevant. And yes, I know you don't have an S Corp. I was wondering how you would pay yourself from such a corporation, considering you have zero revenue.
- gavinhoward 3y agoI'm not paying myself yet, nor will I pay myself in the classical sense when I get revenue. When you have a single-member LLC, you take "distributions," which basically means you withdraw money from the company and put it into your personal account. It's technically a dividend.
- antasvara 3y agoDistributions from what? If you're making zero revenue, how is there money in the account for the business? I'm having a tough time understanding how there's money going out of an LLC without money first going in the LLC.