S-Corp - Salary/Dividend
I have set up an S-Corp and working on my first flip. I plan to keep any profits in the business for the first couple of years until I have some flips under my belt and/or making a good amount of money. So I will not be taking a dividend in the initial years. Since I will not take any of the profits out of the business (reinvest), are some owner/employee of an S-Corp taking a salary in the start-up years? Do I need to have a salary in the first years were profits maybe low? Or will the salary start once a dividend is paid out? Once the salaries are paid out via payroll, how are owner/employees getting paid? Once a year, quarterly, monthly or after a rehab project?