How Do I Get Paid from My Business?
This course explains the different ways business owners can legally and strategically pay themselves, the tax implications of each method, and how to choose the right approach based on business structure and financial goals. Participants will learn practical steps to ensure compliance while optimizing personal income.
• Understand the common methods of paying yourself from a business.
• Identify how business structure (LLC, S-Corp, C-Corp, sole proprietorship) impacts payment options.
• Recognize the tax implications of salary, draws, and distributions.
• Evaluate the pros and cons of each payment method for cash flow and compliance.
• Apply best practices for documentation and IRS requirements.
