I'm A Business Owner: How Should I Pay Myself?

Name: I'm A Business Owner: How Should I Pay Myself?
Rating: 4.7 (38 reviews)

How an owner of each type of business structure in the United States is required by law to pay themselves.

Highest Rated

Created byDesarie Anderson, CPA, EA

Last updated 1/2018

English

What you'll learn

The legal and correct way you are required to pay yourself based on your business type

Course content

1 section • 7 lectures • 47m total length

Final Project
Introduction2:02
Sole Proprietorship7:58
Single Member, LLC4:11
Partnership10:32
Multi-Member, LLC4:35
S Corporation10:38
C Corporation6:13

Requirements

You should own and run a small business in the United States

Description

I am a business owner. Should I set myself up on payroll? Should I pay myself through a draw? Should I pay myself through a distribution? Should I set up a guaranteed payment system to pay myself? All of these options can confuse the best of us.

As a small business owner, how many times have you wondered if you are paying yourself per IRS requirements? This class explains how owners of the most common types of businesses in the United States are required by law to pay themselves.

Getting it wrong can cost you and your business a lot of money in penalties and interest.

Who this course is for:

Anyone that runs a small business in the United States and wants to know how they are supposed to pay themselves