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If we want to pay ourselves is it best to take it from our Trad LLC operating entity or from our Series LLC bank and how do we note that on our spreadsheets?
It is best to take money from the traditional LLC to allow all activities to flow through one LLC and ease tax preparation. Legally, however, you can take money from either LLC as the owner of both LLCs. When you pay yourself from the LLC, you will list the draw as an “owner distribution” in your bookkeeping