4 ms·

I'm not paying myself yet, nor will I pay myself in the classical sense when I get revenue. When you have a single-member LLC, you take "distributions," which

I'm not paying myself yet, nor will I pay myself in the classical sense when I get revenue. When you have a single-member LLC, you take "distributions," which basically means you withdraw money from the company and put it into your personal account. It's technically a dividend.

antasvara 3y ago
Distributions from what? If you're making zero revenue, how is there money in the account for the business? I'm having a tough time understanding how there's money going out of an LLC without money first going in the LLC.