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Paying owner of disregarded LLC partnership

    • 1 posts
    June 8, 2012 12:29 PM EDT

    Hi there!

    I've just started doing the books for a start-up that I believe will be classified as a disregarded LLC partnership.  I've been scouring the internet to find out how the two owners should pay themselves - whether they're classified as 1099 contractors (which is what they want) or whether their payment becomes "owner draws." They're also looking into having themselves on payroll...

    My other concern is that one of the owners is paying himself by writing checks to another company that he owns, which I'm sure is a little 'off-key' and they don't want to ask a CPA for advice, hence me scouring the internet and posting on here!

    Any advice or links to advice greatly appreciated.

    Thanks so much.

    • 6 posts
    June 8, 2012 2:02 PM EDT

    "they don't want to ask a CPA for advice" ....

    This should be your red flag.  Move on.

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