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I am one of 5 members in an LLC that is a production company. If I (also being an entertainer as well as a member) perform, how do I pay myself for performing for the company since I already receive a owners salary? Do I issue a second check to myself for performing on top of ny salary?

Pennsylvania LLC needs help with question selling a rental property [ 2 Answers ]

I have a single member LLC in Pennsylvania which owns one rental property. The property has an interested buyer (another LLC) and we were a few days a way from settlement when an issue arose. The settlement company ran a check to see if any liens existed on the property AND the LLC (my LLC). The...

Are new members of an LLC responsible for outstanding debts of the LLC? [ 0 Answers ]

My partner and I are 50/50 owners of an LLC. We are both managing members. 50% of our ownership was used as collateral for loans from an investor. The investor is also a managing member but did not have an ownership interest in the LLC until we defaulted on the loans. The investor now has 50%...

Single Member LLC tax question [ 2 Answers ]

I have a tiny single member llc setup where I accept money from online sales. I also have a full-time job where I get my W2. My accountant told me that since I am an single member llc, she will file my business taxes with my personal. Here is my question, if I made $1000 last year from my...

Single Member LLC or Partnership (Husband/Wife) LLC (Tax Advantages) [ 1 Answers ]

Hello, My wife is winding down to her last semester in college and has already gotten really busy with freelance work. In the midst of all this work is contracts, deadlines, and money. On the side we have been doing photography work for a little over a year now, but will no doubt get a lot...

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