muthuradha
Returning Member

Profit Sharing for the owner

I am a full time professional and contributed $22,500.00 in my employment.  My profit sharing is $18,000.00 with my employer.

Also, I do have an LLC (100% member) and did run payroll for $59,500.00 for self in my LLC during 2023. How much maximum Profit Sharing am I allowed to do in my LLC for TY 2023.  Any thoughts, please?