You sent me on an excellent research path thanks. Now after processing this I see that even if I take the Guaranteed payment route, it would rather be difficult for me to estimate the guaranteed payment to be precisely accurate to be available profit from the Partnership, even if I did, it would be weird. If I didn't, there would be a surplus payout from the LLC which would eventually show up on my personal tax return and that defeats the original purpose of my quest which is to prevent the LLC from showing up on my personal tax return.
Not sure if I explained it clearly above. Given my focus on privacy wouldn't it be better if I files the LLC as corp, paid myself for administrative services which show as a pretax expense on the LLC's books and I pay the corp tax rate on the remaining and keep the balance in the LLCs account to be used for future payouts to myself as and when I render services? This way the LLC's name stays out of my personal tax return?
