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minimum pay period for S-corp owner?
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Mark Bole
Dec 21, 2009, 9:34:18 PM12/21/09
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When a state mandates minimum frequency of pay, such as every two weeks,
or monthly for management-types(*), does that apply to a 100% S-corp
owner paying himself his own wage? Or can an S-corp with no other
employees do a quarterly or even annual payroll?
or monthly for management-types(*), does that apply to a 100% S-corp
owner paying himself his own wage? Or can an S-corp with no other
employees do a quarterly or even annual payroll?
(*) CA Labor Code Section 204
-Mark Bole
paulthomascpa
Dec 22, 2009, 8:08:33 AM12/22/09
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"Mark Bole" <ma...@pacbell.net> wrote
> When a state mandates minimum frequency of pay, such as every two weeks,
> or monthly for management-types(*), does that apply to a 100% S-corp owner
> paying himself his own wage? Or can an S-corp with no other employees do a
> quarterly or even annual payroll?
I can't imagine any state that can dictate the frequency of pay for the
owners. Heck, we know they don't enforce the minimum wage, overtime, and a
host of other laws as it applies to the work performed by the owner.
--
Paul Thomas, CPA
www.paulthomascpa.com
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