Hello forum members. I have decided to set up an LLC and am now thinking about the profit for my needs. Now a lot of people have taken up the registration of an LLC because there are quite a few advantages. What do you know about it? Can you give some good advice?

Of course I will help you because at one time I also asked myself many questions, including how to get an llc and about profit. The main way for the founder to receive profit from LLC is dividends. Profit is distributed among the members of the company once a quarter or a year. It is also important to consider one point: the company and the founder are two different entities. This leads to the fact that first the legal entity pays taxes on pre-tax profits and the remaining funds are distributed among the founders. Dividends received are considered income for the founder from an outside source. He also pays tax on them.

If you do not want to wait a whole quarter or even a year, you can use other ways, which are stipulated by law. However, in this case, you will not be able to avoid additional reporting or double taxation.