ANSWERS: 2
  • You do have the ability to withdraw earnings from your retained earnings, but before doing so, check out the declarations when forming the company to determine if there were any exclusions / exceptions to this item. Also contact your tax advisor
  • Yes but for a small sole proprietor or partnership business where else would the draws be taken from?

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy