SBIR Land Home Forums Grant Accounting & Management Options for paying LLC Owner’s chargeout to grant Reply To: Options for paying LLC Owner’s chargeout to grant

#7065
jacob peterson
Keymaster

Owner’s Draws are appropriate for booking “salary” payments to owners of an LLC partnership. However, as you proceed into a Phase II award, the government prefers a corporation status (S-corp or C-corp) with payroll (W-2) payments to owner/employees. This is something you may want to consider for the future.