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Old 09-03-2004, 07:42 PM
tconley tconley is offline
Entry Level
 
Join Date: Sep 2004
Posts: 4
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.
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