How Should I Pay Myself As A Business Owner?

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

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.

Intended Audience: Freelancers, Business Owners, Contractors

Introduction.mp4
Lesson 1 - Sole Proprietorship.mp4
Lesson 2 - Single Member LLC.mp4
Lesson 3 - Partnerships.mp4
Lesson 4 - Multi-Member LLC.mp4
Lesson 5 - S Corporation.mp4
Lesson 6 - C Corporation.mp4
Should I switch my entity type? Read the attached Leaflet to find out
Assignment Video

Karen Peters , 1 year ago

What's included

  • 8 Video Lessons
  • 1 Text Lesson

  • Works on all devices
  • Certificate of completion

Desarie Anderson CPA EA

Instructor

I am originally from London, England but currently live in Atlanta, GA with my husband David.

I always joke that I have had the distinct pleasure of using both the left and right side of my brain. I owned and operated a hair salon for over 17 years (Right side), and now I own a small Tax and Accounting practice (Left side). So you can get your hair cut & colored and get your taxes done all in one visit.

I graduated from Georgia State University with a BA in Accounting. I am a Georgia CPA and an IRS Enrolled Agent. I am also a certified QuickBooks online Pro adviser.

In addition to providing small businesses with accounting and tax resolutions services, I am passionate about helping small businesses and independent contractors manage their cash flow. No business can survive without proper cash flow management. I specialized in setting up accounting systems for Nonprofit organizations and helping taxpayers with IRS debt problems and audits.

I am a former employee of the Department of Revenue, and therefore, I have seen first-hand how small businesses suffer due to insufficient cash flow.

During the few hours of the day I am not working; I enjoy working out and watching Netflix.