Profit distribution will be done for the same (month? Year?) at the end of the period, rather than for the average of prior-year profits, per S-corp profit-carrying restrictions. Salary calculation will remain unchanged, based on prior-year or highest-year profits.
[ ] Determine what interval to distribute on for long-term growth incentive
[ ] Detail how profit distributions will be calculated and executed under new system
[ ] Ensure system accounts for EoY discrepancies
[ ] Ensure system aligns with S-corp legal requirements
Profit distribution will be done for the same (month? Year?) at the end of the period, rather than for the average of prior-year profits, per S-corp profit-carrying restrictions. Salary calculation will remain unchanged, based on prior-year or highest-year profits.