Sasha And Owen Each Own 50 Of Weilding Llc A Limited Liability Company Located I

Sasha and Owen each own 50% of Weilding LLC a limited liability company located in San Fransico, California which was created in March of 2016. Weilding LLC provides Emergency Vet Services and uses the cash method of accounting. Sasha and Owen have come to you on December 30, 2017 to ask your advice on some transactions they are considering and would like your assistance with tax planning prior to the close of the year.

Weilding’s financial information is provided below:

Profit and Loss Statement January 1, 2017-December 30, 2017:

Gross Receipts:

Veterinary Services  $575,000


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