pmcw
Level 1

Business & farm

Thank you Max,

 

To ensure I follow correctly.  My S Corp is paid only in shares of publicly traded stock from the company (my customer) that is paying for my branding and services.  These are actually RSU (Restricted Stock Units) that vest and are immediately tradable.  Since the S Corp does not have any cash income, I transfer all the shares to my personal account and allocate the appropriate value to wages, and the balance is taken as a distribution.  I then take expenses as non-reimbursed business expenses.

 

Is this the appropriate and legal way to handle this situation?