Any suggestions on good books or advise regarding operating a RE LLC? I have a number of properties under contract, ready to close and an LLC formed. I assume all payments go through the LLC and after expenses I write myself a check? Or do I pay myself through the LLC a set salary? I have my business checking set up and ready to go.
Thank you.
Drafting Limited Liability Company Operating Agreements by John M. Cunningham is the standard for running an LLC. He also provides references for LLC law and taxes.
how you can/should pay yourself is largely determined by how you have chosen to tax the LLC and your personal tax strategy.
what business is the LLC in? rentals? rehabs?