Hello,
I have an LLC, taxed as a partnership, with me and a partner that has one DBA for digital products and I want to set up another DBA for digital services.
1.) Would the income be taxed as a lump sum of all income regardless of what DBA the income is coming in from?
2.) Would the income be taxed before the money is sent to my partner and me or would the LLC have to pay the money to each of us and then we get taxed based on that portion of the income we receive?
3.) If it's taxed based on the portions we receive does that mean we can't leave money in the LLC to reinvest back into the company?
4.)Would it be taxed quarterly or yearly?
Thank you so much for your time 🙂
