I started a S corp business this year; I am only employee.
Let's for example;
I invested $100, spent $90 for business and made only $2.
Question is should I reimburse myself
a) myself $90 that I spent
b) partial reimbursement
c) Take reimbursement next year when I may turn profit.
What is best suggestion for business and tax perspective?
I like answer (c).
Normally start-ups don't make a lot of $ the first year. There's no advantage to milking it for income unless you're really strapped.
Why not wait and purchase something that'll add to the business?
Best of luck with your venture.
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