EPS
join:2008-02-13
Hingham, MA | reply to captain456
Re: shareholders Expenses include paychecks- you can have "no profits" if paying your salary wipes out your profit margin. |
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| said by EPS:Expenses include paychecks- you can have "no profits" if paying your salary wipes out your profit margin. Umm you can't pay yourself salary. I'm sorry but you guys are ridiculously uneducated on the subject of business yet you love to throw out your uneducated opinions. If there are no shareholders than you cannot pay yourself a salary, that would be illegal since you cannot enter into a contract with yourself. If you are legally allowed to pay yourself a salary then that means there are shareholders. So your statement is null. |
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EPS
join:2008-02-13
Hingham, MA | It depends on how the corporation is set up, I suppose. And I think the term "shareholder" is being used very loosely here to imply being publicly traded, though I could be wrong. |
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| said by EPS:It depends on how the corporation is set up, I suppose. And I think the term "shareholder" is being used very loosely here to imply being publicly traded, though I could be wrong. If it's a corporation then theres at least 1 shareholder. And not it does not have to be publically traded. If there are no shareholders than it is not a corporation. |
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| You must never of worked in your life, most people work for free. If you work from paycheck to paycheck then you are working for free. If you miss one paycheck and are in financial problems it means each paycheck you get.. you are working for free. |
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| said by markopoleo:You must never of worked in your life, most people work for free. If you work from paycheck to paycheck then you are working for free. If you miss one paycheck and are in financial problems it means each paycheck you get.. you are working for free. I really don't know where you are coming from. Just just because you work paycheck to paycheck does not mean you are working for free. That's your own mismanagement of life causing you to work paycheck to paycheck. |
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