my partners and I, in addition to co-owning an LLC, have been hiring ourselves to work FOR the LLC for the last 6 months. We run online classes and have been paying ourselves as instructors, however, at various amounts, depending on availability.
We are wondering if we should issue 1099s to ourselves in addition to filing schedule k-1s. And if we can't issue ourselves 1099s, how the different amounts we've been paying each partner, would impact how much we own the company.
