ForumsStarting a Business

Hey read your to your web site but I was not able to find/download the excel file. Any suggestion?

Thanks

The answer depends entirely on how much is available for owner compensation and benefits and what proportion of it you want to use for tax deferred retirement and owner health benefits. Other employees always have to be included, but there are permitted disparities.

Assuming the profitability and employee profiles of the businesses are different, you would make sure that one was spouse works for, owns and manages each entity. This includes being a director or officer.

You would then set up the better benefits on the company that has the most favorable profile. It gets more detailed and more complicated from here, but your accountant can probably help you. Let me know if you or your accountant need more detailed directions on where to take this.

Hi Everyone,

I had a doubt. Company was started in 2007 as S corp with only one owner. The owner has green card. And I am working in a company as fulltime employee right now on H1B visa and residing in california since 4 years. I would like to be 50% shareholder of the company. Is it ok for me to enter as 50% shareholder into the company as i am fulltime employee of another company? is there any legal issue?

Thanks...Raj