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Sole shareholder of corporation - how do i pay myself?
by bobbyl, Window Shopper
- Created: May 6, 2011, 4:51 pm
Hi everyone, I recently created a corporation for myself to do business. I'm the only shareholder. The corporation is located in Nevada.I know that I'm supposed to pay myself as an employee, since I'm the only one doing any work. What i don't understand is how to go about doing that. I mean, I assume when I give myself a salary, I should be taking out SSI and all those other things I used to see get deducted from my paycheck as a salaried employee, right?Is this the type of thing I can use Quicken or some other software to do, or do I need to hire an accountant or a Paychex type place? Of course I'm interested in keeping overhead as low as possible.Thanks.
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