| I'm the owner and sole shareholder...hire myself? Hello, new guy here.
I created an S-Corp earlier this year. It's a company centered in high-end web and graphic design. I've earned about 10,000 so far but haven't paid myself a cent because I was unsure about how to go about it.
I figured just waltzing up to the ATM and taking out money wouldn't be kosher, so I'm guessing I have to officially hire myself. If so, is there any neccesary paperwork involved? And when it comes to actually paying myself, what procedure should I follow to make sure tax-time goes as smoothly as possible?
Thanks for any advice. |