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by nivertech
1834 days ago
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* In some countries there is a minimal wage salary mandated by law. * If you'll pay yourself a large salary - the large chunk of it will go to the payroll taxes and social benefits. * Sometimes you need a steady salary hitting your bank account to have a credit line / credit cards / good credit score / etc. * For angle/VC-funded startups it's usually OK to pay a salary for founders with families/kids, but even then you need to take at least 25% cut from your previous job's salary. I know where founders went from high-end consulting to being a salaried employee in a startup, and they had to take huge cuts comparing to their previous jobs. |
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