You’re an Entrepreneur With a New Business. When Should You Start Paying Yourself a Salary?

You’re an Entrepreneur With a New Business. When Should You Start Paying Yourself a Salary?
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Tribune News Service
Updated:
By Kathleen Furore From Tribune Content Agency

Several people I know have decided to turn their entrepreneurial dreams into reality and have launched small companies—some alone, some with one or two business partners. Most aren’t taking a salary. What should entrepreneurs who are principal owners of a new business venture consider before they start paying themselves? And do they have to pay minority owners too?