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Hi I am looking for some advice on how to structure a scenario that benefits everybody the best. There are three separate companies at play with two owners.
Company A: S corp
Company B: LLC taxed as S Corp
Company C: LLC taxed as S corp
Person A owns Company A and B
Person B owns Company C
Person A has a "50" percent stake in Company C (not legally, a contract was drawn up to reflect this arrangement)
Person B has a 50 percent state in Company A (not legally, a contract was drawn up to reflect this arrangement)
Each owner draws the same w2 salary from company A and C.
Person A's profit from Company A and C will flow into Company B. Person A also draws a w2 salary from Company C
Im wondering how profits can best be split between company A and C...we are completely lost on how to structure this and I feel like our accountant maybe lost as well. Any advice would be greatly appreciated....Im hoping what I put above is somewhat understandable....
Thanks
Company A: S corp
Company B: LLC taxed as S Corp
Company C: LLC taxed as S corp
Person A owns Company A and B
Person B owns Company C
Person A has a "50" percent stake in Company C (not legally, a contract was drawn up to reflect this arrangement)
Person B has a 50 percent state in Company A (not legally, a contract was drawn up to reflect this arrangement)
Each owner draws the same w2 salary from company A and C.
Person A's profit from Company A and C will flow into Company B. Person A also draws a w2 salary from Company C
Im wondering how profits can best be split between company A and C...we are completely lost on how to structure this and I feel like our accountant maybe lost as well. Any advice would be greatly appreciated....Im hoping what I put above is somewhat understandable....
Thanks