LLC WEALTH PLAYBOOK

Understand Your LLC’s Money, From Cash Flow to Owner Decisions

Plain-language education for business owners who want clearer records, a better view of cash, and more informed conversations about their LLC. Explore the difference between running a profitable business, having cash available, and deciding what money can leave the business.

Start with the money questions

• Cash flow and reserves: what is coming in, what is due, and what uncertainty needs a plan?
• Records and owner transactions: how can you keep business activity separate and make transactions easier to explain?
• Tax and structure: which rules apply to the LLC, and what should a qualified professional help you evaluate?

Practical guides for your next review

• LLC cash-flow basics: why profit is not your bank balance — build a dated plan and work through an illustrative example.
• LLC recordkeeping: separate business and personal finances — organize documents, owner transactions, and reconciliation.

Tax classification is one part of the picture

An LLC’s legal structure and its federal tax classification are different questions. Start with the LLC and S-Corp overview, then use the S-Corp discussion checklist if an election is relevant to your situation.

Use the original guidance

The Internal Revenue Service (IRS) recordkeeping guide explains the documents behind business records. The Federal Deposit Insurance Corporation (FDIC) Money Smart for Small Business program, developed with the U.S. Small Business Administration (SBA), covers financial management, cash flow, and business planning.

A practical educational approach

Specifications, rules, estimates, and personal decisions should remain distinct. Guides link to relevant sources and identify illustrative examples. The goal is to help you understand questions and trade-offs, without promising tax savings, asset protection, or a particular financial result.