A naive question to founders who have taken such seed funding before - can you d... | Hacker News

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deathflute on Dec 4, 2013 | parent | context | favorite | on: Kima15: $150K for 15% in 15 days

A naive question to founders who have taken such seed funding before - can you directly take money out of a investment like this to pay for your living costs or you have to go through the headache of establishing payroll and a small salary for the founders?

jber on Dec 4, 2013 [–]

Payroll is obligatory for tax reasons...

deathflute on Dec 4, 2013 | [–]

I see. Any pointers to a cheap payroll processing company?

jber on Dec 4, 2013 | | | [–]

Nope . It depends where you are. but really, it's very easy to find online.

prayag on Dec 4, 2013 | | | [–]

www.zenpayroll.com

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