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Welcome and thanks for your question!
Is the partner's only "ownership" of LLC #2 through his actual ownership of LLC #1?
Yes, that answers my question. Thanks for the additional info.
Because LLC #2 is a separate entity and Partner A is not a member in that LLC, he can be treated as an employee and take payroll from LLC #2 rather than guaranteed payments.
If compensation is received through LLC #1, that would obviously need to be considered as guaranteed payments.
You're welcome. Glad I could help!
I appreciate it. Enjoy the rest of your evening.
Same to you! If you end up having any follow-up questions, please feel free to come back and I will gladly help.