In Chile, this concept is named “Sueldo Empresarial” and is considered a tax benefit that allows company owners to deduct, as a company expense, the salary paid to the partner or owner, subject to compliance with the requirements and conditions required by law to enjoy the benefit.

In the Chilean Legislation companies can be Partnerships (Sociedades de Personas) or Corporations (Sociedades de Capital). Partnerships have their main reason to incorporate in the qualities of the partners. In other words, the major interest protected is the identity and unity of the co owners. This is the reason why to make a reform of… Read More Partnerships vs Corporations