Reply #58: I am an owner of a corporation [View All]

[Born_A_Truman]

There are four of us that own it. We pay taxes on our paychecks and the corporation pays taxes as well. That's just how it works. We cannot just divide any profits and cut ourselves a check. We have expenses: our vendors have to be paid, rents, utilities, health insurance, supplies, payroll taxes, accountant fees, etc. We also have to keep a cushion for slow periods.

When we first started, none of us had a paycheck for a year. I lived on my vacation and sick pay when I left my former employer to start this business. They gave us 6 months! We are now in our 10th year of business.