Business & farm

Yes, it is required by the IRS that the owner take a W-2 salary. However, when a new company does not generate enough income to pay the owner initially, the company just can't afford to pay. See below similar situation.

https://ttlc.intuit.com/replies/5794296

IRS helpful link: https://www.irs.gov/pub/irs-pdf/i1125e.pdf