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Paying yourself as a business owner can be structured in a couple of ways, depending on the type of business entity you operate. Here’s a quick guide to understanding your options: ✅ LLCs (Limited Liability Companies): Your compensation is typically through owner’s draws. This means you can take out money from the business account as needed, which then goes into your personal account. Remember, these aren’t considered ‘wages’ so they aren’t subject to payroll taxes. However, come tax time, you’l
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TikTokmelissa.san.roman
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Using your business bank account as a personal piggy bank is a NO🐷🚫🐷🚫 If you are not ready to be on payroll yet, you need to write yourself a check from your business bank account & deposit it into your personal bank account. You can also do a wire transfer, I personally prefer a paper trail📝📝 If you want to learn how to legally structure your business for asset protection & funding check out my 4 hour Structure My Business Webinar📽📽 If you are ready to protect your assets and make your
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TikTokjoihunt_esq
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This is one way to calculate payroll with Excel🙌 Make sure to follow and like if you enjoy my content✔️ #excel #exceltips #spreadsheet #exceltutorials #foryou #microsoftexcel
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