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How to pay yourself from your single member LLC….watch full video on my YT channel evansauerlegal. Step 1: Create two accounts minimum: Business checking and Business savings for taxes. Step 2: Pick your owner pay schedule: weekly, bi-weekly, monthly or whenever you need money for your personal needs and goals. Step 3: Decide your tax set-aside rule: Start with 25-30% of profit into the business savings account. Step 4: Transfer money from business to personal accounts and label as “Owner Draw”.
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Check out the translation for "owner draw" on SpanishDictionary.com!
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