TaxGuyBill
Level 15
a week ago
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@strongsilence wrote:
Another issue is that shareholder A wants to pay the remaining profits to himself and the other two shareholders as distributions. He doesn't want additional wages paid due to the payroll tax expense.
Are you saying at that Shareholder A does not want to pay its employees? Is Shareholder A ready for a lawsuit from the employees and potentially a Department of Labor audit?
At first glance, your Shareholder A needs to be (a) educated how corporations work, and/or (b) be fired for incompetence and/or illegal activity.