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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: ✅ LLCs (Limited Liability Companies) not elected as S Corp: 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’ll need t
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