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Should my spouse become an employee for our business?
During the pandemic I started my own business, I set up an Llc and I am listed as the owner. I'm paying myself a salary which I share with my wife, we have a joint bank account, this is our main source of income. Recently my wife began helping with the business, she's involved in keeping financial records, answering phone calls and marketing, legally she does not own any part of the business. So my question is should I continue to pay myself the way I have been doing it since we share all of our money? should I make her and employee of the business? or should she become a 1099 employee?
Thanks
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‎December 16, 2020
8:07 PM