S-Corp Wages

Discussion in 'Business Operations' started by 205mx, Jan 23, 2013.

  1. JFGLN

    JFGLN LawnSite Senior Member
    Posts: 941

    Some other things to think about,

    Trucks and equip are owned by the corp. Auto insurance cost more.
    I get a paycheck every 2 weeks like the other employees.(assuming sufficient funds)
    I lease my shop to the corporation which makes me a landlord with rental income and possible write offs.
    Corp has its own credit rating.
    Cost more to have taxes prepared.
     

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