Hi Patricia,
Thanks for all your help I just want to make sure I do this correctly as it's my 1st time. Here is what the accountant said.
"Since you are an LLC, not a partnership, the flowthrough is not subject to SE tax, only the guaranteed payments, hence they are not combined, which is different than a standard partnership."
This still seems odd to me since I feel like everywhere I've read starting a business that you need to pay self employment tax. Does this make sense? If I'm not paying self employment tax won't it also mean I won't get money put into social security to calculate my benefit when I retire?
