While we are currently now taxed as a c corp for tax purposes, we have extensive experience dealing with being treated as an LLC taxed as a partnership. Since LLC members are treated as owners and are not considered employees, we could not simply use a payroll service provider and issue ourselves W-2s at the end of the year. Because of this, we created a system to pay ourselves and pay estimated taxes. This system takes into account the various factors that affect pay for worker owners. Given that many worker cooperatives are in a similar situation, we recorded a training to help others who are seeking support on how to pay yourselves while navigating profitability for the cooperative.
We offer live trainings and consulting on this subject - you are welcome to reach out to us about this at wholeheartedbookkeeping[at]gmail.com. However, the below is a good place to start for small businesses and cooperatives that are looking for guidance on this topic.
What does this package include?
- A recording of our training (approx 1 hr video)
- Access to our customizable spreadsheet tool
- Up to 30 min of our time with any questions you may have regarding the tool (either through email communication or via Zoom)
English Version ($100 - 300 sliding scale)
Spanish Version ($50 - 300 sliding scale)