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Accounting & Bookkeeping & Small Business Forum
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Guest
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| Posted: Sun May 30, 2004 6:53 am Post subject: Employee verses member/partner |
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Question:
In order to avoid hiring someone as an employee, can a LLC organized as a partnership, give an employee a 10% stake in the company, making them a partner/member, verses an employee? Would access cash distributions be handled as Guaranteed payments? What entrys would be recorded for the access distributions?
Any help would be greatly appreciated. |
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Guest
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| Posted: Tue Jun 08, 2004 7:52 am Post subject: RE: Employee verses member/partner |
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| Check with an attorney -- from an accounting and payroll perspective there are no problems with what you're suggesting. |
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