+7Castle Ever After Event’s question from the Your Guide: Sole prop, LLC, or S-Corp webinar with
What are thoughts on Profit First concept and how to implement with partnership LLC. in California and want to make sure we are putting aside right amount of taxes.
+4A good rule of thumb is to set aside 20-30% of your taxable income for taxes and to make quarterly estimated tax payments throughout the year. These are exactly how they sound, they are estimates.
You may use Profit First to make sure you have money set aside for taxes, the amount may depend on each member’s share, I would say.
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