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Salary vs ????

Nalgae68Nalgae68 subscriber Posts: 1
edited August 2011 in Grab Bag
I will be starting up an LLC with two business partners. We are not sure how to divide up the salary and profits. Three of us will equally own the company. When there is a profit, we are thinking of equally dividing it amongst the three of us (33.3%); however, we are not sure what to do with the salary. One of us will most likely be more involved in the business (due to location). How should payouts work?


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