Business, 05.05.2020 21:37 brianna5626
Steven is a member in Manyou LLC. As part of his investment in Manyou, he also personally guaranteed a portion of Manyou's debts and is considered the managing member of the company (basically he signs all the contracts and checks). Manyou paid Steven a guaranteed payment of $5,000 and allocated business loss of $2,000 to him in the current year. What is Steven's self-employment income/loss from Manyou?
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Steven is a member in Manyou LLC. As part of his investment in Manyou, he also personally guaranteed...
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