We have started a multi member llc. It is to be assumed that the company will already show a loss in the first year. With the company already being in the red , how would we go about making guarenteed draws to members? Would this just be something that would stay on the books, in an account, and not alot to physical payment?
1 Answer from Attorneys
Probably, the former but this question would seem
more appropriately addressed to an accountant rather than a lawyer (in my opinion).
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