Pay Options for LLC Owners
Can I pay myself as an employee of my LLC? Yes, you can pay yourself as an employee of your LLC.
Best Payment Methods for Business Owners
What is the best way for a business owner to pay themselves?
Tax Implications of LLC Classification
Do I have any benefits if I have my LLC taxed as a corporation? If you tax your LLC as a C-corporation or S-corporation, you may have better tax-saving benefits.
Pay Methods for Different LLC Types
- For single-member LLCs, pay yourself by taking money from profits as needed, called an owner’s draw.
- For multi-member LLCs, you can also pay yourself by taking a draw if your LLC is a partnership.
Employee Payroll for LLC Owners
Should I put myself on a payroll for my LLC? Yes, you can pay yourself as an employee of your LLC.
Taxes and Payroll for LLC Owners
The best option depends on your goals. For better income tax benefits, draws may work better. But for qualifying for a mortgage, payroll income may be required by lenders.