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There should be a provision somewhere in your operating agreement that tax liability on unrecognized income will be paid by the company -- look for that. Addit
by chrisgoman 12y ago
There should be a provision somewhere in your operating agreement that tax liability on unrecognized income will be paid by the company -- look for that. Additionally, if it's an LLC (or even a partnership), you can look for something called Profits Interest http://www.gilaberttax.com/2014/01/14/profits-interest-vs-capital-interest/ http://www.gilaberttax.com/2014/01/14/profits-interest-vs-ca...