What!? Why would you want to have a pay check that was $0? How can you eat or pay the mortgage? Jason Watson, CPA, of WCG Inc. (formerly the Watson CPA Group) discusses why this could be a good idea. He reviews shareholder distributions, processing shareholder payroll, running lean from a cash perspective and the possible exceptions to the net zero concept.
This material is based on content from our website and our book, Taxpayer’s Comprehensive Guide to LLCs and S Corps.
wcginc.com/kb/the-zero-dollar...
wcginc.com/kb/take-money-out-...
wcginc.com/kb/processing-s-co...
wcginc.com/kb/reclassify-shar...
wcginc.com/book
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WCG Inc. (formerly Watson CPA Group)
2393 Flying Horse Club Drive
Colorado Springs, CO 80921
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