I formed an S-Corp LLC in late spring. It is a 2-person entity -- my wife and I (50/50). I finally landed an IT contract early last month, and those bi-monthly checks are put directly into the business account. There are little to no expenses at this point: The only distribution has been reimbursement back to me for start-up costs, self-funding, some software, etc. My wife is currently a full-time student, and those costs are kept personal, not in the business. There are no employees, just my wife and I as owners. And it will most likely stay that way.
My question is what is the proper way to pay myself? I'm currently bringing in about $9000/month, and haven't paid myself a dime yet. "Paycheck"? Equal dividends to my wife and I? Another method? Any suggestions would be appreciated.