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1345 Views 2 Replies Latest reply: Feb 2, 2012 9:22 AM by Teri

Teri

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Jan 24, 2012 9:31 AM

S-Corp or LLC

My question is can you put the "owner" on payroll ?? The member of the LLC cannot be, can a single 100 % owner of an S Corp be on a reg payroll ??

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OfficeGoddess

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Jan 27, 2012 1:39 PM (in response to Teri)
Re: S-Corp or LLC

Yep. One of my clients is an S-corp and the owner is on the standard payroll schedule, including tax deductions, etc, because he is also an employee. This also means that if the business were to go under he would be eligible for unemployment since he is an employee and the company pays unemployment taxes for ALL employees..

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- Teri
  
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  Feb 2, 2012 9:22 AM (in response to OfficeGoddess)
  Re: S-Corp or LLC
  
  thank you...
  
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Jan 24, 2012 9:31 AM

S-Corp or LLC

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