I just started my C-Corporation, and I need Officers. By me being the only Shareholder & Director, I was going place a close friend to be my CEO, my uncle as COO, and my cousin (who's an licensed accountant) as CFO. I want to hire only 4 employees and place them as a Senior VP's of each department. I wanted to place all of them on payroll but wanted to know if I pay them monthly instead of weekly? or split the money in half and pay them the monthly payment within every two weeks? I can't afford to pay my officers and employees hourly, so was wondering if I can pay them a flat fee every two weeks or monthly?
Remember I just started my Corporation, so my Corporation doesn't have a thousand or millions dollars in profits.