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Old 09-05-2012, 11:29 PM   #18
is One Chatty Farker
Join Date: 10-16-08
Location: Virginia

Mine set up an S Corp for me $1000 and no partners. I will admit that it would be nice to have a partner sometimes, but I can not see it being profitable under my current situation if partners were getting a hand out.

Under your situation if your partners wanted a take of your barbecue gig then you and your husband should be paid as employees for your time working the event and then any profit made at the event is split between partners. By the time the 2 of you get paid $10 an hour each for ordering food, making all arrangements, prepping, cooking and clean up your partners will have to go to the bank and get a loan just to make payroll LOL
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