Personal Finance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Partnership structure - How to pay yourself?
Hi
I am having a hard time understanding how one should pay himself within a family partnership (LLLP).
i have limited understanding in taxation*
My accountant advised we have a salary paid by the entity, essentially making us employees.
i read that there are some caveats to that,
is there an alternative/conventional way to set-up recurring compensation?
appreciate the insight.
Thanks