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dschinzel
Apr 27, 2008, 01:21 PM
If the partners withdraw more than they put into the company do you enter it as a drawing and if so how do you close it out at the end of the year?
Thanks
delite
Apr 27, 2008, 09:02 PM
in essence they will be drawing down from their equityat the end of they year thet will have a return of capital,amounts drawn in excess, become taxable dividends