How to Pay Yourself in a Single Member LLC

In today's video, I share with you the proper method to pay yourself if you own a Single Member LLC. Single Member LLC's are one of the most powerful and flexible legal entities that most online entrepreneurs use to protect not only their business, but also their personal assets.

However, if you don't set up the LLC properly, it won't provide you any protection at all.

Today we talk about how to pay yourself if you have set up a Single Member LLC. This will be especially helpful for you solopreneurs out there who are building businesses on the side.

I've written a more in depth blog post on this issue at my website:
bit.ly/2a2GMYy

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To start your own LLC, click here: hawthornlaw.net/incorporate
Click here for an operating agreement template that you can use for your LLC: hawthornlaw.net/llc-operating

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This video is for entertainment and informational purposes ONLY and should NOT be considered legal advice. By watching a video or commenting on a video, we are not forming an attorney-client relationship. If you need specific legal advice, please ask an attorney in your state.