Forums: Discussions for entrepreneurs and small business.

Katt,

An S-Corp work very differently than and C-Corp.  An S-corp is a pass thru entity for your income and enables you to report it as a self-employed individual, thus saving you money in taxes, since most C-Corps pay much higher taxes.

To answer your first questions, the answer is yes.  Being that an S-corp is just  a pass thru entity, the income or loss with inebitably end up being yours whether or not your pay your self a salary or not.