Learn how to pay yourself as a sole proprietor.
If you are a sole proprietor, or in other words, you are doing business and have not formally incorporated into a LLC, Corporation, or partnership, then you are a Sole Proprietorship.
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And guess what, today’s episode is all about you.
Today I am going to walk you through, step-by-step, how to pay yourself as a Sole Proprietor.
I am going to explain:
- Who is sole proprietor
- How sole proprietors pay taxes
- How much to pay yourself as a sole proprietor
And if you stick to the end, I will give you my framework for how sole proprietors should be paid.
Outline:
Intro: (0:00)
What is a Sole Proprietor?: (1:25)
Sole Proprietor Taxes Explained: (2:43)
How to Pay Yourself: (6:50)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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