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re: Who here has started their own business?
Posted on 5/15/18 at 6:42 am to Mizzou
Posted on 5/15/18 at 6:42 am to Mizzou
We're an LLC but we are treated as an S-Corp for tax purposes. I draw a regular salary and take disbursements as allowed. I get a W-2 at the end of the year. However, if I leave profits in the company I am still responsible to pay taxes on those profits whether they are disbursed to me or not.
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