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You could advance the partners their profits throughout the year, and at the end of the year if there are any excess withdrawals reclassify them as loans to the partner
This would be simpler than making the loans throughout the year - you will only create a loan if it is needed.
You also don't have to distribute the profit to the partner - their allocated profit would go to their basis in the company
This would be my recommendation on how to handle this - if the partners want draws equal to their profits. It's not required, though
However, the ultimately simplest thing to do is pay out once per year - but that's not required, either
Thank you. XXXXX advance partners thoughout the year- are there any requirements or recommendations that I advance parnters proportionally to their share of the company? Or can I advance one partner throughout the year and pay the second partner just once a year?