By a Trusted CPA: How should you pay yourself as an LLC?
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As a CPA and investor in multiple LLCs, I am going to tell you how I pay myself in an LLC and what I advise my clients.
Paying yourself as an LLC can be a little complicated.
If you pay yourself too much, you might risk putting your LLC in a bad financial situation.
If you pay yourself too little, you might be overwhelmed by all of the taxes you owe as an LLC.
And speaking of taxes, how exactly does that work when you pay yourself? Should it be deducted from your paycheck, paid quarterly, at tax time, or what?
If this is you, then stick around until the end because I am going to cover everything you need to know about both, the financial aspects of paying yourself and the tax side.
Video Outline for How to Pay Yourself as an LLC Owner:
Intro: (0:00)
How to Pay Yourself as a LLC: (1:35)
How Taxes Work for LLC Pay: (2:25)
How MUCH to Pay Yourself: (5:00)
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