How to Pay Yourself From an LLC (The Correct Way!)

Welcome back to the channel! We are here to bring you another interesting topic that is sure to help you entrepreneurs thrive. With that being said, ask yourself this question.

How does one pay themselves from an LLC the right way?

If you are a business owner, real estate investor, or active investor interested in asset protection, business compliance, tax preparation or estate planning, please request your free 45-minute strategy consultation with Anderson Business Advisors today.

This is a very good question to be asking if you're an entrepreneur, self-employed under an LLC, or involved in a number of situations that apply to this.

The rules are there, but it can be difficult to navigate through everything one must know. Which is why we are here, to help those of you seeking the right answers from experienced, knowledgeable professionals you can trust.

There is quite a bit to go over, so let us dive into the fascinating subject of paying yourself a salary from an LLC.

We would like to extend a thank you to our viewers. It is always a pleasure to share our knowledge with you in the hopes that it will help you build your wealth. If you enjoyed the content, then please subscribe to the channel. Do not miss out on future videos on our channel. Furthermore, leave us a like to show your support or to let us know that you like this type of content. Lastly, those of you with any lingering questions or opinions should head over to the comments section. We look forward to releasing more videos and hope everyone will be part of our community once more.

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0:00 - Intro
3:21 - How to pay yourself from a s-corp
4:25 - How to pay yourself from a c-corp
7:41 - How is the money getting taxed
13:12 - General rule of thumb

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.

#LLCs #PayYourselfFromLLC

[gitanacowgirl]

I am going to watch this video repeatedly until I absorb every single detail. Wow. Thanks for making these. You break it down so well and these are just so interesting to watch.

[danal]

You guys have the best content on taxes.

[antwankeenan]

My potential scenario: Single member LLC setup to own dividend paying stocks. The single member is a living trust which would allow it to be considered disregarded. If I am understanding this correctly the dividend income will be taxed at Capital gain rates whether I take the money out or not, as well as state tax rates correct? Also does the LLC lose its protections if it is a disregarded entity for tax purposes compared to being an incorporated entity for tax purposes?

[iamfig]

I love watching videos on how this works. You broke it down very well. I would add that you can pay the distributions by check to yourself or through account deposit. I think that’s what most people wonder when they first look up how to pay yourself

[JustinTrader]

So an LLC as an S corp would not need to sign up for a payroll service given that we choose to take a one time annual salary (equal to at least 1/3 of total revenue generated)? I guess my question is, can i choose the frequency at which i take my salary from my LLC (i.e. quarterly, annualy... and would that affect my need for a payroll service)
thank you

[AccountingatLibertyPaintingand]

Great video, thank you for explaining everything in basic terms. I was always confused on how to pay myself from my real estate LLC's now I am 100% clear... Thanks.

[earle-land]

Great information. Well constructed and presented. Thanks.

[joeyconrad]

Thank you for all of this information! I’ve been looking for awhile to see what to do about not having receipts.

[organizer]

Excellent presentation/explanation, thank you!

[johngranzberg]

Can you briefly explain how payroll taxes play into this? Say in the S-corp scenario, I take the reasonable salary of 33k, does the company have payroll taxes now? Would it be better to 1099 myself for services totaling 33k?

[practicaldeen]

Great and informative video. Much appreciated.

[PaulOPeezy]

Great video. I have watched it 10 times!

Can we get more detailed videos on Partnerships? I have an investor who would like to do some real estate investing with me so seeing details on how we would pay ourselves, pay taxes etc. would be really helpful.

The plan is to form a partnership LLC and that LLC owns other single-member LLCs that hold property.

[HopeProphecy]

How would I pay myself in a structure with a single-member holding LLC (S-Corp) that owns my operating LLC, of which I’m the only owner and employee? How can this be done without piercing the corporate veil and losing asset protection, while still seeing the tax benefits of an S-Corp? Which LLC would handle payroll and how would dividends be distributed? Thanks!

[chriscarbonel]

Great video, Thank You. Do you have a video on Generational Estate/trust planning?

[jcb]

How can I use gold and silver acquired thru business profit as a deduction for hedge against inflation outside of IRA?

[mikekazmark]

Future Show idea:
Best strategies for paying the least in taxes if someone is a pensioner and collecting social security.

Maybe a more broad question; what is the best way of accumulating wealth for someone for a retiree earning a pension and social security? Because investments vary so much, this may be difficult to answer so maybe you could discuss advantages of flipping homes, investing in rentals, starting some kind of online business, or investing in stocks/options, day trading, etc. I know that's a lot to throw at you but maybe there are perspectives on each of these that we haven't considered that would help those of us in this position.

[deancooper]

Surf Trader
Unbelievable content, clear, concise, efficient information. Thanks Toby.

[dailynewsreader]

Hi Toby thanks so much for all the valuable info you provide. Can you do a video on the difference between an LLC and an s-corp and when you should prefer one over the other. Best

[MCMXI]

Outstanding vid. I finally get it. Time to change attornies!

[alexgambrell]

I wanted to clarify on c corp status dividends are tax at capital gains rate? If you don't take dividends will you still have to pay it on tax return?