i have just started a s corp. there are 5 partners with equal shares, and all are board of directors. do we all need to have "reasonable salaries"? does the treasurer, secretary, vice and president need to be on payroll? also is it a conflict of interest for the owner of the company from which we rent our equipment, and personel be our treasurer?
i am quite new to business. are there any in depth websites/resources i can get info from?