No, the Main LLC has two members. Both of the members are multi-member LLCs.
So Main LLC is owned 67% by A LLC and 33% by B LLC.
B LLC are the two individuals that do work in the business. Main LLC (supplied the capital for the business which is operating at a loss) paid guaranteed payments to them individually, but as I was doing the returns it occurred to me that Main LLC may need to make the payments to B LLC and then have the individuals get their GPs from B LLC. If this is correct (and I'm not sure it is) how do I treat the payments from Main LLC to B LLC? Can you pay an LLC a GP? Should it be a distribution? or should it be an expense paid to B LLC? I'm probably making it more complicated than it should be...I TRULY APPRECIATE YOUR HELP. thanks so much
