Updated over 6 years ago on . Most recent reply

Partnership structure - How to pay yourself?
Hi
I am having a hard time understanding how one should pay himself within a family partnership (LLLP).
i have limited understanding in taxation*
My accountant advised we have a salary paid by the entity, essentially making us employees.
i read that there are some caveats to that,
is there an alternative/conventional way to set-up recurring compensation?
appreciate the insight.
Thanks