Sandra Felsenstein has a degree in industrial engineering from the UBA and director and founder of the consulting firm Dinka, where she provides strategic advice to SME entrepreneurs.
What are the differences between a salary as a general manager and receiving dividends as a shareholder?
If there are two or more partners, it is important to clearly define the contributions that each one makes to the company and what percentage of the investment corresponds to each one. On the other hand, the functions and responsibilities will define a market salary for the partners who develop management within the company.
Can both be combined?
Clearly the combined figure is fundamental, through which a shareholder partner receives a salary for his effective management and also dividends on his percentage of participation. And it would be convenient to have flexibility in the payment of dividends, to eventually be able to use part of these funds in investments, repairs, etc.
How is the owner/general manager's salary established?
The most advisable thing is to set a market salary, not only to give it an economic value according to its tasks, but also to avoid inconveniences with the rest of the staff, in case the information is leaked.
Can there be managers with a higher salary than the general manager?
There are exceptional cases of highly qualified positions that can exceed these values. Likewise, this could occur in commercial managements closely associated with the company's results, due to the role of commissions in some periods.
