How To Pay Yourself As An LLC Owner: (Salary vs. Draw) #karladennis
Video Overview & Insights
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I love the way you enunciate and how you broke this down.
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Great information. Thank you
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I did what you asked, here. New subscriber! I’m excited, and looking forward to applying your principles and suggestions. Thank you! 🤗❤
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Key Times In This Video:
As a single company LLC elected to report as a S-Corp is it still considered a draw if I have a payroll company write my check every month for the same amount on the same day and take out the taxes?
00:00 - Intro
00:33 - Draw
There is no reporting of LLC draw on an individual tax return. This is not income to the LLC owner and not a deduction for the LLC.
03:17 - Salary
04:22 - Compliance Requirements
Hello, how are you? I am a regular viewer of your YouTube channel. I came here to say that-"I appreciate how well-researched and insightful your content is!" Good Luck.
08:23 - Choosing between draw vs salary
11:51 - Documenting Payroll
Thank you!
12:13 - Summary Of Tips
*Disclaimer: This information or service is for informational purposes only and is not intended to be personal financial advice
thank you!
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Your amazing, thanks for sharing this topic ❤
More User Perspectives
A member of an LLC, single or multi-member, cannot be an employee of the LLC for a myriad of reasons. We have primary authority stating this, stop publishing bad tax advice.
@SBayne762