Craney
04-27-2007, 06:19 AM
Hi all,
This is a question relating to owners compensation. It arises after reading Steve's nightmare post. I would have thought that if your business is making a profit that you would be able to take this money for yourself? If you are outside the US, I thought this would be similar to drawing a wage, except calling it owners comp.
I haven't a clue about this, i'm quite confused, so if anyone can shed light on this and explain what it actually is, how the process works etc, please do!
Craney
This is a question relating to owners compensation. It arises after reading Steve's nightmare post. I would have thought that if your business is making a profit that you would be able to take this money for yourself? If you are outside the US, I thought this would be similar to drawing a wage, except calling it owners comp.
I haven't a clue about this, i'm quite confused, so if anyone can shed light on this and explain what it actually is, how the process works etc, please do!
Craney