You can transfer money from your LLC to yourself by taking an owner’s draw or issuing yourself...
LLC Scenario-Based
You can pay yourself extra money from your LLC, but how you do it depends on your...
Yes, you may still have to file tax returns and possibly pay certain taxes even if your...
LLC profits are taxed based on how the LLC is classified for federal tax purposes-not on how...
If your employer wants to invest in your LLC, you can accept their investment-but you should proceed...
Your employer can sue you for starting an LLC only if it violates your employment agreement, misuses...
If you overpay yourself from your LLC, you may create cash flow problems, tax complications, or compliance...
If you don’t pay yourself from your LLC, there are no immediate legal consequences-but it can create...
Once you officially close your LLC, you must also close your business bank account-after settling all debts,...
No, your LLC generally cannot pay your entire mortgage or utility bills directly unless it owns the...