As long as you do not operate as a partnership (partners only get a draw, fully subject to all taxes, including payroll taxes), the owners of an enterprise are expected to be paid a salary. That’s the IRS position- the one that counts.
I read an article recently about a new trend. Ok. They thought it was a new trend. We’ve been doing that since the mid 70s. But, then again, like the products and processes we’ve developed, our ideas seem to be those to be trendy in a decade or two or three.
I mentioned the other day that Dupont appointed a new CEO- one that agreed to merge with Dow. And, Edward Breen was chosen as the interim CEO because he was thought to be the perfect one to turn the company around. After all, he was the one who turned around Tyco International- as long as you recognized that he did so by selling off the company piece by piece. (Oops. Maybe that’s why Dupont chose him, for real, since in essence the Dow-Dupont merger is a process whereby the merged company will be split up into three new companies- and will shed a slew of businesses, to boot.)
I was reading a series of complaints by some pretty small offshoot organizations that are getting their dose of publicity. For one, I heard about it’s parent- NARAL- the National Association for Repeal of the Abortion Laws. The other claims to be a group of unions (Working Families Party) that has electoral power- results for which I can see no evidence. And, in this case, neither seems particularly powerful- unless you count 8 protesters as a major event.
I could pick a million examples. OK. Maybe only 2000 or so. So, I’ll pick one.
My son and I were off to visit the college of his choice. We had a tight window- we were leaving in the morning, to return that evening. He had a track meet the next day.
I’ll bet you won’t be surprised when I say I send articles to my friends and family. But, you may be surprised to know I send them several times a day. Of course, I am positive it’s information they ABSOLUTELY have to know and have. Well, I did that again last week. But, this time I only sent it to my son, because I knew it could be very important to him.