Site: nolo.com
... by the employer—you are the employer. ... If you took no salary at all, you would not owe any Social Security and Medicare taxes. ... As you might expect, however, this is not allowed. ... As described above, when you elect S corporation status, you work as your business's employee and are ... If you want S corporation status to apply to the entire calendar year, you must file Form 2553 by March ... Why You Might Choose S Corp Taxation for Your LLC ...