WE'VE MOVED!

We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
Options

pay roll ?

MoneyBizMoneyBiz subscriber Posts: 1
I am starting a business and recently I was laid off. I am living on my unemployment check. I have formed an LLC with a business contact. He has build a website and has the ability to generate leads. We are 51/49 ownership. Rcently I did a deal and made 2 k commission. The commission was made out to the companies name. I need money should I take a loan form my llc or take a pay check from llc and pay personal bills? Should I just give partner 1/2 of the comission or leave some fund in the business acct.
Sign In or Register to comment.