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How To Correctly Pay Yourself As An LLC or S-Corporation

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How To Correctly Pay Yourself As An LLC or S-Corporation

7,258 views October 25, 2019 6:24

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ChannelSay Yes To Profits

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Tax Preparation Checklist - sayyestoprofits.com/more-money-more-profit-chec…

S Corporation Services & Support - sayyestoprofits.com/s-corporation-services

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Octavia Conner is the CEO of Say Yes To Profits, a virtual CFO firm that helps consultants and service-based businesses have more money, more profits, and pay less taxes. For more information schedule a session today at sayyestoprofits.com/session/

00:00-00:20 Overview
00:21-00:36 Intro
00:37-02:30 What's the Difference Between an LLC and an S-Corp?
02:31-03:51How To Pay Yourself As a Business Owner
03:52-05:29 What's The Benefit?
05:30-6:24 CEO Next Steps

Video Disclaimer
The video is for educational and informational purposes only. This video is not intended for professional advice and should be acted on at your own risk. If you need to customize assistance, feel free to contact Say Yes To Profits.

©2021 Say Yes To Profits. All rights reserved.

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About this tutorial

Say Yes To Profits published this 6:24 video tutorial on October 25, 2019. It has been watched 7,258 times on YouTube.

Category
Education
Duration
6:24
Published
October 25, 2019
Views
7,258
Likes
395

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Further reading

  • How to Pay Yourself from an S Corp the Right Way collective.com

    Pay 60% of your business income to yourself in the form of employee salary; Pay yourself 40% of your business income in the form of distributions; Note: This isn’t an IRS rule and has never been officially approved by t…

  • A Guide to Paying Yourself From Your LLC msn.com

    If you’re a part of a multi-member LLC, you can also pay yourself by taking a draw as long as your LLC is a partnership. If it’s an S corporation or C corporation, you and other LLC members ...

  • S Corp How to Pay Yourself: Everything You Need to Know upcounsel.com

    Pay yourself equivalent to what others in the industry would be making for that specific work. Create an employment letter that will be approved by all of the S Corp shareholders . Determine how many allowances you woul…

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