I have an s-corp I just started in July 2023 and need some help with my business structure please.
My wife has a home baking business and she has her business structured as a DBA.
She makes social media videos and my question is if I should structure her as an independent contractor or a employee of the company, I was thinking contacting her would be best but would like your input on the best tax situation for my S-corp located in California currently and moving to alas Vegas beginning of next year.
Another question I have is my kids, both my kids work with their mom and help her with her business, my question is does my wife pay them through her DBA bank account to their personal bank accounts and are they employees or independent contractors?
my kids have their own social media YouTube accounts
my wife has her social media YouTube account
I also have a social media YouTube account, and I would like them all to be structured into the S Corp
my S Corp. is structured as a social media production corporation and I’m trying to do this as professionally as I can.
if you can help me, I would really appreciate it. Thanks and have a wonderful day.