Jeremy Wells, CPA, EA, helps agency owners build profitable, sellable businesses. He runs JWellsCFO, an accounting and advisory firm which has operated since 2018. He co-hosts the CPA Advisory Show, a weekly podcast about how accountants can be more helpful advisors for their clients. He's a great resource to understand all things concerning partnerships!

We discuss the importance of appropriately setting up your partnership, legal considerations that need to be made in a multi-owner business, and different situations you will want to address in your operating agreement. Beyond that, we discuss a variety of ways to handle taxes as a partnership or multi-member LLC!

* You can find more information about JWellsCFO at JWellsCFO.com * Keep up with Jeremy on Twitter @JWellsCFO

* Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.