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[quote=Anonymous]There's really no rules but the two things you want to make sure of is that the business is properly capitalized to operate and cash in the business is properly insured/ protected.  I have 30+ trucks on the road at any given time and no amount of insurance is going to keep my business or the cash in it afloat if for example someone was to plow into a bunch of kids waiting for a school bus. I run pretty lean for that reason.

Not sure how you and your partners handle taxes but you can get into some weird bookkeeping/ tax situations dealing with passthroughs.  On paper at least my business owes me a pretty significant amount of money  for earning I paid taxes on but never took over the years.

I keep a months worth of expenses in our checking/ operating account.  This account is trued up overnight via a sweep to a high yield saving account.  I take any balance above another month's worth of expenses in the high yield account as a distribution quarterly.  Based on the COVID lockdown experience I can pay our bills and keep everyone paid for about 90 days with 0 incoming cash.

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