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My wife and I owned a restaurant with her sister and brother-in-law. We created an s-corp and only had my wife and her sister as officers. For half of the time that we owned it, I worked as a manager and collected a paycheck while we didn't pay anything to my wife. I don't believe that you should have a problem doing the same.
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Not a very helpful reply. If I wanted my accountant/lawyer to bill me everytime I had a question wouldn't be much need for forums like this. Anyway through further research we set up a C Corp instead. It provides better tax advantages for our situation. Also if I set up a profile will you send me a birthday card?
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We are thinking of setting up a separate s-corp where my wife would be the sole stock holder. I would be a commissioned employee. My question is can she take only dividend payments as compensation (she would have no day to day involvement in the corporation as an employee. She would be the investor. It is not her field of expertise) or must she take a salary