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Does a tiny/one-owner C-corporation with no dividend distribution require to pay a salary?
I only work on it on my free time and this year it is profitable (tiny net income, under 500 for the whole year, on a small revenue.) Last year was its first year and had a small net loss. C-corp has no employee, no dividend/distribution. Can I work for it for free (i.e. no salary/payroll)? At least until I can grow my customers/sales to take anything out as salary.
Thanks
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‎June 7, 2019
4:31 PM