Does anyone have a good example of a calculation for figuring up equal distribution amounts when one partner needs to pull a distribution more than the other partner to equal the appropriate ownership split?
I have never drawn out different amounts in the companies I'm involved with, so I can only imagine the implications.
But besides what anyone tells you here on how to enter the withdrawals into QBs, be sure to check with your Accountant or Tax Advisor. If it is just investment equity then probably no big deal. But if there is an impact on stock price, I'm guessing there may be all sorts of short and long term implications if one owner takes out more than the other. (But not my wheelhouse, so not really sure.(