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LLC member wages
10/27/09 7:22 AM, Viewed by asker 10/27/09 9:14 AM
Total Views: 68
Total Views: 68
2 members own llc and work for it. How should they account for their wages? Should they withhold like other employees or not?
All Replies: Answers (1)
No, they are technically "partners" but called "members" in an LLC. They should have draw accounts on the balance sheet in the equity section.
