http://totallypassive.com/764/how-does-a-business-owner-move-from-making-a-wage-to-making-passive-income/ Passive income ideas for multiple streams of passive income Mon, 07 Dec 2009 15:00:27 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://totallypassive.com/764/how-does-a-business-owner-move-from-making-a-wage-to-making-passive-income/comment-page-1/#comment-32 vlad Sat, 07 Nov 2009 07:26:08 +0000 http://totallypassive.com/764/how-does-a-business-owner-move-from-making-a-wage-to-making-passive-income/#comment-32 Legal aspect depends on whether you are sole trader or any type of public enterprise. Accounting aspect - when you stop pulling your wage your company costs go down, your profit goes up and so does your income tax. You will have no social securities and depending on your age it will hurt your pension volume if you pull your wage out. Legal aspect depends on whether you are sole trader or any type of public enterprise.
Accounting aspect – when you stop pulling your wage your company costs go down, your profit goes up and so does your income tax.
You will have no social securities and depending on your age it will hurt your pension volume if you pull your wage out.

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