Today I’m sharing the short-but-sweet answer to a question that is on EVERY new business owner’s mind: “How do I pay myself?”

It’s really not a complicated answer, but here it is:

How you pay yourself from your business depends on how your business is structured (legally) and taxed (by the IRS)

I'll talk through:

• How to take an owner distribution

• How frequently I recommend paying yourself

• Paying yourself as a sole proprietor vs an LLC vs an S-corp

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And if you need a refresher, here are 2 episodes I refer to in the show:

1. 4 - LLCs and EINs

2. 21 - What’s an S-Corp and When Should I Become One?

Find complete show notes here 

 

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