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We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Your Startup Salary

For solo-entrepreneurs (LLC, Inc., etc), you`ve started you`re business and a lot of the income/revenue is going back to your business. I`m wondering what and how to pay yourself based on your living expenses and what your growing company can afford... I`m thinking a plan with a set salary until the usiness breaks even -- then, earn a share of the profits each fiscal quarter as an owner`s bonus. Once you start a salary to pay yourself, how does it effect your taxes (personal and business)?
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