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Old 04-04-2007, 09:00 AM
Pmesritz Pmesritz is offline
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Join Date: Jul 2006
Posts: 5
Re: LLC Loan, Wages/Living, No Income

Thanks. That's the part that I understand and have proceeded under in the past. Income directly passes through -- the confusion that I'm currently having is how that works if its not actual income to the LLC, but was used as a wage to myself.

I.e. $10,000 in loans to the LLC to pay my salary of $9,000 plus expenses -- and then $0 income for the LLC.
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Philippe Mesritz, President
Internet Services Unlimited, Inc
New Direction Marketing
Representing: TMS Marketing and Sales Software
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