USA Single member LLC receives payment in giftcards. How to distribute to member?

B

bizheadache

Joined
Nov 15, 2019
Messages
2
Reaction score
0
Country
United States
I have a company that pays my single member LLC in giftcards. That's just the way it is. How can I account for this to maintain the separation of funds between me and my the LLC? If it was cash, it would go into the LLC account and then periodic distributions would be made to my personal account. I can't do that with giftcards. How can I account for it and then "distribute" it?
 
You must log in or register to reply here.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Partnership purchases partner's interest and is now a single member LLC - how to show on final return 1
USA Single Member LLC w/S Corp tax election and FUTA liability 0
USA Single Member LLC owned by A C Corp 1
USA Taxes for Foreign-owned Single-Member LLC owned by Russian citizen. 2
USA Single Member LLC and Capital Contributions / Using Personal Credit 2
USA The tiny details of form 1120 as a single member LLC taxed as a C-Corp (final return). 0
USA How to take a draw from a Single Member LLC? Check or transfer? 1
USA Two quick questions related to Single Member Tennessee LLC Taxed as a C-Corporation 1

Members online

No members online now.
Total: 336 (members: 1, guests: 335)

Forum statistics

Threads
11,775
Messages
27,839
Members
21,814
Latest member
alea2024

Latest Threads

Top