LLC member wages
2 members own llc and work for it. How should they account for their wages? Should they withhold like other employees or not?
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cU81-bWWir3QjyacfA8pyY
10/27/09 7:22am PDT
Viewed by asker 10/27/09 9:14am PDT
Viewed by asker 10/27/09 9:14am PDT
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janatwucpas
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Questions answered: 33
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10/27/09 10:17am PDT
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No, they are technically "partners" but called "members" in an LLC. They should have draw accounts on the balance sheet in the equity section.
