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Forums » Startup Brings Faster Speeds to Rural Southwest » shareholders
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« Startup/ Southwest  
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captain456

@gci.net

reply to tp0d
Re: shareholders

Since when does the president of an LLC (single member even) not pull a paycheck? The article mentions an LLC, not a fullblown corp.
That would be called a shareholder. Which then yes they can receive a paycheck. The whole point of this is the origanal poster said something along the lines of if there are no shareholders then there doesn't need to be profit. So let me repeat this simple fact. If there are no shareholders than you cannot apy yourself with a paycheck, that would be illegal. Therefore you would be working for free.
to forum · permalink · 2008-07-21 17:38:41 · Reply to this
Forums » Startup Brings Faster Speeds to Rural Southwest« Startup/ Southwest  

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