Quote:
Originally Posted by TheDoc
It's probably only 1% of the people in our Industry that could pay themselves 'personally' $300k+ a year.
Most people in this Industry suck the Company dry every chance they get just to make that type of money. To safely draw an income like that, you need a Company earning $3 million or more a year - depending on expenses, with a million liquid cash in the Corp bank and a personal net worth for the owner.
Otherwise, you're just being a poser and putting your Company in danger. So realistically, less than 1% in this Industry safely pays themselves that much year after year.
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What's the advantage of keeping $$ in the corporation? If the corporation would ever need the funds, the owner can always just lend it back to the corporation at any time...