Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/can-partners-in-a-partnership-get-a-w-2-and-be-treated-like-an-employee-like-they-can-in-an-s-corporation/ Export date: Sat Apr 27 2:46:10 2024 / +0000 GMT |
Can partners in a partnership get a W-2 and be “treated like an employee” like they can in an S Corporation?Short answer: No. Long answer. When you turn one of your employees into a partner 1, that individual will switch from receiving a W-2 to getting a Schedule K-1 2. If you want your “partners” to be treated like an employee, then an S Corporation 3 is the preferred approach (after you've determined that a C Corporation 4 is not the right choice). |
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Post date: 2020-08-09 22:35:26 Post date GMT: 2020-08-10 05:35:26 Post modified date: 2020-08-09 22:35:26 Post modified date GMT: 2020-08-10 05:35:26 |
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