TH03 Notre Dame Fan In Darth's Head Member since Dec 2008 88156 posts
re: Advice on starting an LLC in LA (Posted on 10/8/13 at 9:34 am to RushTigerLimbaugh)
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