K
Kurt
I have a small partnership (LLC). The business operates out of a property
that I own. I consider the rent ($300) that I would normally receive as part
of my contribution to the business. How do I record this in SBA? Would it
still show up as an expense of the business on the tax returns?
Also, when I draw money out as a partner, would this deminish the Owner
equity account as well?
that I own. I consider the rent ($300) that I would normally receive as part
of my contribution to the business. How do I record this in SBA? Would it
still show up as an expense of the business on the tax returns?
Also, when I draw money out as a partner, would this deminish the Owner
equity account as well?