Hi,
I guess this could be for a regular biz and not just ebiz, but since Im building an ebiz I thought I would just list it here.
I am forming an LLC with 3 partners. We will be getting paid based on Milestones. So for example, the company gets paid 100K, we split it 4 ways, 25K each, electing pass through taxation. We are tracking our hours on the project.
But I need some way of adjusting the take home % of the total, for when people elect to not work full time and use all their agreed upon "vacation days". For example:
LLC is paid 100K for milstone
3 members work the standard full time 160 hours for the month.
1 member only works 20 hours.
So there is a chunk of the 100K left over.
since its pass through, we need to redistribute the remaining money to the other full time members in the form of a "bonus" for the milestone or the end of the year.
Ive been making a spreadsheet with some formulas to do this, but I was wondering if anyone else had better ones that they use?
any help would be great!
-Ty
I guess this could be for a regular biz and not just ebiz, but since Im building an ebiz I thought I would just list it here.
I am forming an LLC with 3 partners. We will be getting paid based on Milestones. So for example, the company gets paid 100K, we split it 4 ways, 25K each, electing pass through taxation. We are tracking our hours on the project.
But I need some way of adjusting the take home % of the total, for when people elect to not work full time and use all their agreed upon "vacation days". For example:
LLC is paid 100K for milstone
3 members work the standard full time 160 hours for the month.
1 member only works 20 hours.
So there is a chunk of the 100K left over.
since its pass through, we need to redistribute the remaining money to the other full time members in the form of a "bonus" for the milestone or the end of the year.
Ive been making a spreadsheet with some formulas to do this, but I was wondering if anyone else had better ones that they use?
any help would be great!
-Ty
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