[anoncoward111]

Hmm, I can't think of a specific reason against this. Most established companies don't pay themselves in salary but rather in stock options.

For dividends, it will be taxed as short-term income. So you will still need to pay federal and local income taxes on it (unless you live in like Florida or NH or Texas or etc).

You also won't be contributing anything so Social Security and Medicare, so you will save money here, but you will also affect your eligibility for these programs (if you care about those benefits by the time you are in your 60s, if those benefits exist, etc).

As far as fund-raising, profitability measurements would appear exactly the same (in my estimation). I doubt an investor would care, and would probably applaud the tax efficient use of money.