LLC Finance Management Help

menappi

I have a few questions and am interested in hearing how others handle management of their businesses finances. My questions are-

With your LLC, how do you distribute profits, savings, etc?
Do you keep everything in a checking account? Savings? Multiple accounts? How much should you have in each account?
How do you pay yourself and how often?
How do you pay taxes? Does the business checking account pay it or do you pay out of a personal account?

These issues always confused me so I would like to know what others are doing.

saravanan

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise.