Unlock 3 secrets to paying yourself as an LLC owner! 💰🔑 Don't miss out! #LLCPay #BossMoves

9 Jun 2023 · 1 min

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LLC owners can pay themselves three ways: as an employee with a reasonable salary, through owner distributions when cash allows, or as an independent contractor billing for services. All three move money from the business account to personal and count as deductible expenses.

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3 ways to pay yourself when you have an LLC. Keep in mind, all 3 of these methods allow you to deduct them as business expenses from the LLC. The first is to assign yourself as an employee of the LLC and pay yourself a reasonable salary. The second option is to issue a distribution when you think that the LLC can afford to do so. Distributions provide you with more flexibility with regards to when you pay yourself and the other owners. The third option is to hire yourself as an independent contractor to work for the LLC. For example, if you run an Amazon business under the LLC, but you're also a photographer, then you can hire yourself as an independent contractor to take the photos for the Amazon listing. All three of these options basically consist of you transferring money from the LLC bank account into your personal bank account.

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