loschorts

Hi there, does anyone out there have payroll tax hacks? C-Corp with only 3 founders, no other employees, and a small amount of money invested (less than $100k). We want to pay ourselves, and that's about it.

Does anyone have any payroll tax hacks? One (uneducated) thought I had was to not pay salary but use company money to pay for various expenses like dinner at the office. I read somewhere that doing one large payment of salary is cheaper than periodic payments.

Any ideas? Thanks.

I'd like to preface this with two things. 1. I ask this question in all legitimacy. 2. I am sure that there are many exceptions to this rule... There are definitely many great, helpful members around HN. Perhaps I'm speaking only about a vocal minority.

But why is there so much pettiness, jealousy, and negativity in HN??? You know exactly what I'm talking about. Someone will post about a helpful service that has gotten great traction + people love, and he'll get a response of "what? no search??" (Just saw this today). A man could post about how he saved a kitten from a tree, and someone will post about how he was an idiot for not using a standards-compliant ladder.

Why is there so much negativity around HN? Is it jealousy? Pettiness? I seriously think the attitude turns off a lot of people to HN and keeps it from being a great community.

On this page, http://ycombinator.com/about.html, it says: "We try to interfere as little as possible in the startups we fund. We don't want board seats, rights to participate in future rounds, vetoes over strategic decisions, or any of the other powers investors sometimes require."

I just pulled up the YC Series AA docs, which includes the following clause in the termsheet under "Investor Rights" and "Right to maintain proportionate ownership":

"Each holder of at least [_________] shares of Preferred will have a right to purchase its pro rata share of any offering of new securities by the Company, subject to customary exceptions. The pro rata share will be based on the ratio of (x) the number of shares of Preferred held by such holder (on an as-converted basis) to (y) the Company’s fully-diluted capitalization (on an as-converted and as-exercised basis). This right will terminate immediately prior to the Company’s initial public offering or five years after the financing."

Is that a reservation of YC's right to participate in future rounds? I don't mean to be accusatory: I'm asking because I'm using what YC does as the gold standard for what an accelerator should do, and I'm wondering whether an accelerator's reservation of rights to participate in future rounds is "standard" behavior.

I'd be very interested to hear the thoughts of those more well-versed in this stuff.