Tax Expert EXPLAINS How to Pay Yourself As An LLC!

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An LLC is a VITAL part to growing your business! Not only does it protect you personally in any cases of lawsuits, but it is also one of the best things to legitimatize your business! This is one of the first big steps you can do to become a true businessperson! Find out how and what the overall pros and cons are in today's episode of Tax Free Living!
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What's up family and millionaires in the making! 💰 Thank you for tuning in to this video, be sure to LIKE and SUBSCRIBE to the channel for more and upcoming valuable information! My dream is Teaching Entrepreneurs just like you how to live your BEST LIFE which is a TAX-FREE ONE!

Stay connected and come along the journey towards Tax-Free living !
Carter Cofield
✊🏾 C.M.O of @_melaninmoney_
@cofield_advisor on all social platforms.
📲 Text me for Tax Tips 312-847-2309

Tax Expert EXPLAINS How to Pay Yourself As An LLC!

📝 The information in these videos are to assist entrepreneurs and business owners for general & educational purposes only. I am not an attorney or legal advisor nor do I claim to be 📝
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First time finding this channel and it was very helpful. Right to the point and easy to follow. Keep it up KING!

Luther
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Carter my G, this content is so helpful man thank you!!

josevelasquez
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I'm certain that my "owner's draws" have been USED against me over the years... I'm also surprised to hear that there should have been NO TAX DEDUCTIONS for them.

eyemajor
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Nice short video. Do we get 1099-Misc or what for the owner's drawing at year end or how do we handle it? if it's not expense for the LLC, then it's not income for owner, right?
Thanks bro.

WuduYigzaw