I have started a company with 2 other co-founders in the US and own 40% of the company. I am the only employee on record as the CEO of the company. My lawyer insists that I should draw a minimum wage, even though we're no where close to making revenues, let alone profits. Essentially my salary will have to come out of the capital that we as the founders put up. I definitely don't want to do that.
Is it absolutely required? What did you do in your startups? Can it cause problems later?