What method do you begin to start using rent money. For income

[Jeff A.]

I've been managing for over 2years , all of the income has been used for the company (llc). Now I want to start taking a salary?   How do you do it?  Monthly or one allotment per year/quarter?   Love to hear how others do this. 

Many thanks

[Jeff B.]

NOT A SALARY - - you would incur State & Fed withholding.

Instead, board of directors create a MOTION and vote to allow a Distribution to Owner(s) and the frequency and amount is disclosed.  Be careful to not drain the cash account, as that's used to verify/justify financing later.

Your personal taxes will then declare the LLC distribution income