Legal Question in Business Law in New York
can you become an employee of a company you also own?
Asked on 12/28/10, 4:55 pm
4 Answers from Attorneys
Absolutely yes. Also, be mindful of not co-mingling company money with your personal money, as sometimes the line between being the owner and being the employee blurs.
Answered on 1/02/11, 7:55 pm
Michael Markowitz
Michael A. Markowitz, PC
Yes. I would also speak to an accountant.
Mike.
Answered on 1/03/11, 5:17 am
Kevin B. Murphy
Franchise Foundations, APC
As a Franchise Attorney I can tell you virtually all owners of small to medium sized companies are also an employee, usually President or Chief Executive Officer, etc. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Answered on 1/03/11, 6:59 am
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