How to Pay Yourself in a Single Member LLC | How to Pay Yourself as a Business Owner

Let's break down how to pay yourself as a business owner and how to pay yourself as an LLC.

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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 180 Law Co. LLC, with its principal office located at 1580 N. Logan St., Ste 660, PMB 92925, Denver, CO 80203. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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[it]

Sis, you are a godsend! You answer all the questions everyone else fails to answer & you aren't trying to hard or yelling at us. I love your videos!

[LBC]

So overwhelmed with all this LLC stuff 😖 Got so much to do and so much to learn.

[andrasbodo]

The happiest attorney I have ever seen in my life :) Congratulations ! it a pleasure listening to your law lessons on business

[savan]

Thank you for explaining so thoroughly. I am a new salon owner as a single member LLC. I am determined to do everything as correctly as possible. Your video eased my anxiety and worries surrounding the taxation of the business. I have a lot to learn but I can tell you are a good person to gain knowledge from on the basics of distribution of funds. Thank you again, I am definitely going to follow your videos. Also thank you for the free resources to help myself.

[AllyssaALewis]

This is the clearest delivery I've ever heard on how to pay yourself in a single-member LLC! I am so thankful for you making this video!

[JackieLifeCoach]

You went to lots of efforts to help all newbies in owning a business, LLC. I was so pleased for all your help and advice. I am ever so grateful for this information. Thank you so much.

[DreamInspired]

Aiden, I love your channel! I own a trucking LLC and just moved from FL to GA. Your video on 3 ways to move an LLC a while back was instrumental and my key reference point. I’m just wanted to say think you for your videos!

[EvangelistKia]

thank you so much Novo is wonderful. I was able to set up my account and get approved in two days. thank you... Profound Truth, LLC is now in business !

[aliyahthegardenist]

You're the only one I've seen on Youtube who broke down the employment tax in such a clear way. I've watched about 100 videos on this topic😅. Thank you for being thorough❤

[ndavis]

You are a blessing dropping all of these gems! I've learned so much from you. Thank you for the info.

[EryiMartinez]

I’m new to starting my business first year. How about when is the best time to pay yourself? Like a few times throughout the year or one time ?

[TraeDaMenace]

Im a new business owner with out the knowledge of knowing nothing..this was my biggest question..thank you so much for helping me understand more

[adriennerose]

You are seriously the only person on YouTube that has been able to explain LLCs in a way that makes sense and easy to follow. Keep doing what your doing and I just subscribed for more videos to come and previous videos made! Thank you!

[krustysurfer]

Keeping meticulous records is key along with staying organized.

[CC-brds]

If you purchased some items that you needed for your business before forming your LLC, can you still count those items as a business expense for tax purposes. Ex: you supplies and services for your business..then you form the LLC..

[skhonouta]

Great video! Very informative for me as I just started my own small business.

[rachelbeck]

In first year of real estate and created an LLC - this is SO helpful and needed. Cannot thank you enough!

[rodtumlin]

Wonderful article. I appreciate your energy and commitment to assist small business owners.

[shadowsidesoamplified]

Spending the next couple of months to learn everything i can about business ownership. I'm making my dream of owning a plant shop come true! Thank you much for all your info it is priceless!!

[deegee]

This was very good information.. but its a lot. When registering for your EIN, can you change your structure at a later date? Meaning if I don't want accept the default classification of disregarded entity.. at a later date... can this be changed?