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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
87787 posts

re: Advice on starting an LLC in LA


quote:

I bet you didn't start the LLC and then "withdraw" from it.


no, I filed as an S-Corp and make sub-S distributions to myself.

I pay my car note, car/health insurance, gas, lunch, etc out of my business account, then make smaller distributions to myself for personal expenses.

I pay the majority of my taxes from my business as 941, and very little from my personal because my W-2 is a fraction of what I (my business) make. filed 3 1/2 years ago and it's worked perfectly so far



This post was edited on 10/8 at 9:34 am


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Meauxjeaux
Memphis Fan
Team Vag
Member since Jun 2005
16203 posts

re: Advice on starting an LLC in LA


There may be no more mis-named user on TD than you.

No way the real RL blows reading comprehension like that.

FTR, he's talking about withdrawing money from the LLC, not himself.






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