I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.
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TL;DR Matt Motil is a fraud. Do not invest with him.
Warning, this is a long post. My purpose here is to save some of you from the experience I now find myself in after providing a short-term loan to Matt Motil of C...
Perhaps we will find out in the next couple of days one way or another if this will escalate further, what if Russia does invade Ukraine and the U.S. gets involved? Without going too deep, I am seeing speculation on a...
Hi EveryoneAfter reading through many excellent posts, include the "Diary of a New Construction Project" by @J Scott and @Joshua Dorkin, I thought I might add our voice here on BP. I am proposing to track the entire l...
My offer was accepted on a 14 unit apartment. I knew it needed new windows and was built in 1950. In the purchase agreement forms we signed, he wrote NONE in the disclosures. He showed the best (only good ones) 3 u...
I am negotiating a billboard lease. I want to structure the lease to best facilitate a loan against the lease's income. I'm considering a 75-year lease with annual payments, escalators and perhaps revenue-sharing. Doe...