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Updated over 10 years ago on . Most recent reply

Leigh Ann Smith's profile image
Leigh Ann Smith's profile image
Leigh Ann Smith
  • from Manvel, Texas
  • Member since May 23, 2014
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Leigh Ann Smith's profile image
Leigh Ann Smith's profile image
Leigh Ann Smith
  • from Manvel, Texas
  • Member since May 23, 2014
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Leigh Ann Smith
  • Manvel, TX
127
Votes |
309
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Goals, Business Plans & Entities

Single Member LLC's

Leigh Ann Smith
  • Manvel, TX
Posted

When you have a single member LLC, it seems a bit silly to say that you held a meeting. But without meeting minutes, how do you track what you are doing for legal purposes? Prepare a quarterly report of some kind, perhaps?

And if I do have a single member meeting, can I take myself to Starbucks for the meeting and deduct the cost of my coffee?  Just kidding......

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Bryan Kipke's profile image
Bryan Kipke's profile image
Bryan Kipke
  • Investor
  • from Nashville, Tennessee
  • Member since Feb 3, 2014
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Bryan Kipke's profile image
Bryan Kipke's profile image
Bryan Kipke
  • Investor
  • from Nashville, Tennessee
  • Member since Feb 3, 2014
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Bryan Kipke
  • Investor
  • Nashville, TN
11
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35
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Bryan Kipke
  • Investor
  • Nashville, TN
Replied

Great question I am wondering the same thing. If I am the CEO and my wife is the COO and we go to Hawaii and have a meeting is this considered a travel expense? I know it is extreme but what the heck I should take advantage if it is given to me right?

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