Taking Money Out of a Limited Partnership

When you're taking money out, i suggest you start in an ess corporation. And distributions are better, just because you don't have to keep tract of the loan. So that's how we do it if you're an es corporation. Now, if you're a partnership, one little distinction. In this case, what you really want to do is always take the money as a distribution. You never want to pay salary. It's very rare to see that in a partnership. Just don't be paying for personal expenses out of your partnership account. That's how you do it when you have your own company. Because, remember, you want to think big, act small and do things