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**angie**
Thought I'd start a new post, to not clog up Thursday.
DH only has an accountant, that advises him. His business lawyer is pretty worthless (although that could be b/c he doesn't ask the right questions). I remember when he had his retail store, the accountant said he needed to start paying himself. He would write paychecks for $100 or $200. Seriously honey?
I have heard that business debt is good debt, but I don't understand why he can't see it that way. He currently has an S corp and he hasn't had any losses on it yet (just formed it this year). His old business was also an S corp and he took huge losses on it (repeatedly each year), so I think he's just scared.
It's probably partly my fault for not doing my due diligence and finding this all out before the wedding, but we're both really funny about our debt. Mine just happens to be personal and I'm climbing out of it (will be done next year!). I wonder if he thinks he needs to be attacking it the same way. I suggested last night he see a financial planner b/c his understanding of debt seems really skewed.
Any way, thanks for listening/asking/reading. And congrats, Ms. Esquire 
Re: **angie**
Thanks!!! And congrats on paying down personal debt!!! It took me years and it never felt so good!
The best thing about the S corp is that it protects you from individual liability (people can't sue you and take your house) and it allows you to write the business losses off against all salary income that you are making (thus lowering your tax liability). Business losses really are a GREAT thing for the first few years, it is really really hard for people to wrap their heads around why it is so great, since most people go into business to MAKE money.
The thing is that everything should be a business deduction - that means a decent salary for him (typically we advise whatever a worker in that business would make normally - retail manager = 45 - 50k) his cell phone, internet, office rent, interest on loans, whatever should all be written off. The key to business is to maximize deductions. And then use those deductions to show "tax" loss, then write the tax loss off of your income. The reason the debt is awesome is because it allows you a deduction, whereas a cash deposit from your savings will earn you no deduction. Heck we usually tell people that when you start getting close to paying off business debt to take out another loan. :-)
It sounds like he may just need a plan - and you are exactly right it may mean a financial planner, a new lawyer, and the accountant. All services are deductible as business expenses, btw.
If you need to bounce questions off of me, or have any questions please let me know - I literally (and sadly) live for this business stuff.
Good Luck!