Just got an LLC. Looking at what to do next
So my friend and I decided to start a side business. We both work in construction. Both of us worked in the union as drywall finishers and now work in management roles. We want to do side work and maybe even eventually get into flips.
After some research (and help from people on here) I decided to get an LLC. Well that's done. Now I'm looking at bank accounts but after that, I feel like I'm quickly going to be in over my head. I've basically volunteered to be in charge of money and I have no idea what I'm doing. How do we get paid? What percentage should go back into the company? How do I be sure I'm ready for taxes? etc.. So what should I focus on after opening a business account?