Thread: LLC vs. S-Corp
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Old 12th July 2006, 09:13 PM
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Re: LLC vs. S-Corp

I was thinking about this issue, if i were to charge my domain business to my limited company, it will be a logistic nightmare - every paypal payment, every domain registration, i would have to print out and file the supporting document for auditing purpose! Surely there must be an easier way?

For the time being, i'm just using a cashflow method - any money that is deposited into my company bank account will considered revenue, and money paid out directly from company account will be expenses. Money in and out of Paypal, which runs into the thousands of transactions i think, is currently not factored into the bookkeeping.

Last edited by touchring; 12th July 2006 at 09:22 PM..
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