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[Michigan]- S-Corp LLC business income not salary.
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jopageri79 is
in
Michigan
Post Body
So the company I worked for went out of business. I just made it through the severance period and decided to start my own company (S-Corp LLC). I did one job for a friend and got paid $300, but that went to pay for business expenses (equipment, website, cell, etc.).
From what I read, I need to report income earned from my LLC, but I didn't pay myself so didn't really earn from LLC. Am I reading this right? Do I have to report this?
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- Posted
- 3 years ago
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- reddit.com/r/Unemploymen...