[amobilebiz]

Disclaimer: I am not an accountant or attorney so take this how you will.

My understanding of the law from our accountants and attorneys is that you do not have to pay yourself anything if you don't want to. BUT...if you do decide to pay yourself, the salary must be "reasonable and comparable" to salaries of persons with similar job descriptions and titles. In other words, if your company takes in $1M in revenues a year and you pay yourself a $500K salary it may raise a red-flag. On the other hand, if you pay yourself $1 it may also raise a red-flag. My advice is to pay yourself what you feel you are worth and the company can afford to pay you, but don't be greedy. You can always give yourself an end-of-year bonus. The point of the law is to keep you from operating the company for a profit, writing off all your expenses as business expenses and claiming on your personal taxes that you did not earn an income while the company cut you checks out of the "owner draw" account. Depending on size and revenues of your company you can always claim an S-Corp exemption and just flow through the profits/losses to your personal taxes thus alleviating a lot of this for you.

Again, I am not an attorney or accountant so I would definitely double check everything.