Saturday, August 20, 2011
My wife and I have opened up a hair salon, as an LLC. Can she draw a salary?
We live in California. She not only manages the salon but still cuts hair. Before, when she rented a station at another salon, the checks were written out to her and then she would deposit them into our account and we would pay our bills, etc. with those funds. Our accountant tells us that those checks must now be written to the LLC and that we cannot easily withdraw anything for personal reasons. Is this right? We really need the money to help pay the household bills. Can she draw a salary? If we had known this we would not have set up the salon as an LLC. Have any of you experienced this?
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