Llc and partnership

[JenMO]

Llc was formed with one member 90%, but contributing all money, and one member 10%. 10% member was named managing member. If llc elects to be taxed as partnership (corp of s corp not desired) can the 10% member draw a w-2 salary from the partnership he is a 10% member of? Or does he take a guaranteed payment instead and pay all of his se taxes himself.
If 10% is just named managing member, must they elect to be taxed as a partnership?

[ATSMAN]

A 10% LLC member can't get a W2 wage from the business. They can take a draw and pay SE on it.

If they want W2 wages, go sub S.

[jsamans]

Llc was formed with one member 90%, but contributing all money, and one member 10%. 10% member was named managing member. If llc elects to be taxed as partnership (corp of s corp not desired) can the 10% member draw a w-2 salary from the partnership he is a 10% member of? Or does he take a guaranteed payment instead and pay all of his se taxes himself.
If 10% is just named managing member, must they elect to be taxed as a partnership?

Who is the managing member, or even whether there is a managing member, isn't material. A multi-member LLC is taxed as a partnership unless it elects to be taxed as a corporation. If it so elects, it can then elect S-corp taxation.

Under no circumstances can an LLC member who is taxed as a partnership receive W2 income, because a partner is not an employee; standard compensation comes in the form of a guaranteed payment. As ATSMAN said, if the members want to be employees, the LLC will need to make the elections for corporate and S-corp taxation.