On 12/1/2019 10:21 PM, Robert Slippey wrote:
That's an interesting perspective I didn't consider.

How would this look from the LLC's perspective. Would each sub-entity just send over it's rolled up expenses and income?

I do like that idea though... just need to work out in my mind how it would work since we're so wrapped together right now. For instance gsuit works for both businesses since we can direct to different domain names. Hosting for websites is on a multisite installation on a VPS so it's shared costs between the two, ditto to our phone system. I guess those could be just overhead at the llc level?

I'd enter shared costs (between their streams) by entering the pro rated amount in each. But that's extra work, so if you had a lot of those AND they represented just a smallish total amount, what you suggest is good too. Could also do an quarterly or annual adjust of the shared expenses.


Michael


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