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79 \\ Mastering Partnership LLC Paychecks: Your Guide to Smart Payments
Manage episode 401093450 series 3399967
Content provided by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, we dive into a real-life question from a listener about how to pay themselves in a Partnership LLC. We explore the ins and outs of drawing a salary, the role of operating agreements, and the concept of guaranteed payments. Whether you're new to business or looking to streamline your finances, we break down the complexities into easy-to-understand advice. Plus, we touch on the decision between staying as a Partnership LLC or considering other structures like an S Corp. Don't miss out on practical tips to navigate the financial side of your business with confidence. Join us to clear up the confusion and find the best path for your partnership's success!
Next Steps:
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☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
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