If you have a pre revenue start up (5 colleagues in total, side hustle) do you need to report a salary for at least one of your staff members?

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Posting as :
works at
You are currently posting as works at

Report to whom? The IRS? If you’re paying anyone anything, it has to be reported.

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Do they have a salary?

Is the side hustle just a few people cooperating on a handshake agreement basis, or is there actually an LLC with a payroll?

Structured LLC with no payroll yet

Are you paying any vendors from a non-personal bank account?

Ok, then you may need to send 1099s to those vendors (I’d recommend talking to an accountant to make sure you’re doing everything you need to do even if you have no revenue yet).

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I am planning to shift to Dubai with my wife. Looking for opportunities.
Hi!
I have 14 plus yrs of total experience with 9+ years of experience in Java, Springboot and Microservices. I work as Tech Lead.
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Hi,

What will be in hand salary

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