I'm a single member LLC with a question about owner draws. What is the difference between owner's draws and guaranteed payments? I take a draw each month based on the net…

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In an operating agreement for an LLC do you have to spell out exactly how and when the distributions to members are paid out or do you have to pay…

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It is possible for a Limited Liability Company to pay members a salary, but this depends on the tax classification. An LLC that elected to be taxed as a sole…

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As a single member Nevada limited liability co is there a general rule of thumb of how much one ought to pay themselves as owner? Answer As a single-member LLC,…

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I am a 50% partner in an LLC (it has one other partner who also has 50%). Only I will get my regular pay/fees from the LLC. After that pay…

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One member of a two member LLC received a 1099 payment. The check and 1099 was made out to the member personally - not the LLC.  Can this "personal" 1099…

Continue Reading One member of a two member LLC received a 1099 payment. The check and 1099 was made out to the member personally – not the LLC. Can this “personal” 1099 be included in the LLC as income?

If a cosmetologist decides to purchase a salon and forms a a Single Member LLC would she continue to use schedule C for both her income as a cosmetologist working…

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Can an LLC pay its members an hourly wage, which is tied directly to the number of service hours contributed to the enterprise, and perhaps even to a percentage of…

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If you are an LLC and pay into unemployment benefits, can you lay yourself off and collect employment benefits? - Brandy, Oregon Answer If an LLC pays an employee, and…

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Hi, This is Mehul again. I am an owner of a Single Member LLC, which is currently operation as consulting firm. I have my friend working from oversease for my…

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