Partnership?
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- Amen
how you do a pay stuff thing when u working w/yr partner as a start up company?
would you give me some advices plz?
- Mimio0
What type of legal business entity is it?
- OSFA0
the most important step would be to check with your accountant. You would have to decide how much each one is getting.
If you are planning on doing this as a payroll type of set up for both, you can make out checks every two weeks (15&30) or monthly, deducting payroll taxes, which later are deposited in a bank account set up at your local bank that serves as an agent for the government for tax purposes. IRS will send you coupons for these deposits...But, you are better off consulting an accountant...
- OSFA0
shit, that's how it works here n the states, didn't check your location...
- Amen0
well, we will open a small design company. only 4-5 people.
- OSFA0
your accountant can set up a payroll system for you then.
- Amen0
Thx OSFA!
- OSFA0
no prob!!
- Mimio0
Sorry, I thought you were talking about expensing.
- Amen0
i think we find a solution. we just gonna do by log hour and take %.