Daily Success Show with Jamila Payne
How to Pay Yourself as a Business Owner S-Corp vs LLC
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:53:45
- More information
Informações:
Synopsis
You are making money. But are you actually keeping it? Too many entrepreneurs I talk to are generating real revenue and still not paying themselves consistently. They are running profitable businesses and their personal finances do not reflect it at all. Here is what most people do not realize. How you pay yourself depends entirely on how your business is set up. LLC owners and S-Corp owners play by completely different rules. And if you do not know which rules apply to you, you could be leaving thousands of dollars on the table every single year. That is exactly why I brought Chika Obih on the show. Chika is a CPA with 16 years of experience working with high-achieving women entrepreneurs. In this episode she breaks down how to pay yourself correctly based on your business structure, what the IRS actually requires, and how to make sure your personal finances finally match the business you have built. Key Topics Discussed Why your business structure determines how you pay yourself The difference between