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Updated about 6 years ago,
Paying myself from one LLC to another LLC
I am currently trying take a loan out for 70-80% ARV and I would like to pay myself (separate construction LLC) to do the work. A)Not sure if this is legal
B)Not sure if it is doable.
I would be willing to take payments on a schedule based off of work completed, the same as I do for large jobs with customers. With just starting out, I do not have alot of capital on hand and thought this would be a good way to keep/save some money since I have been doing construction for 15+ years and it seems silly to pay another company to do the work.
Any help/tips/pointers on this situation would be greatly appreciated!