How Do I Pay Myself From My LLC? Essential Methods and Tax Tips Explained
Navigating how to pay yourself from your LLC can be complex but is essential for tax compliance. This article breaks down various payment methods, including owner’s draws and salaries, tailored for single-member and multi-member LLCs. Learn the tax implications, record-keeping best practices, and the importance of consulting a tax professional to ensure financial stability and regulatory adherence. Make informed decisions for your personal and business finances.