Single Member LLC's

[Leigh Ann Smith]

When you have a single member LLC, it seems a bit silly to say that you held a meeting. But without meeting minutes, how do you track what you are doing for legal purposes? Prepare a quarterly report of some kind, perhaps?

And if I do have a single member meeting, can I take myself to Starbucks for the meeting and deduct the cost of my coffee?  Just kidding......

[Bryan Kipke]

Great question I am wondering the same thing. If I am the CEO and my wife is the COO and we go to Hawaii and have a meeting is this considered a travel expense? I know it is extreme but what the heck I should take advantage if it is given to me right?