How to Pay Yourself as a Small Business Owner

Event description

One of the most overlooked yet crucial parts of running a successful business is understanding how and when to pay yourself. In this practical and engaging class, we’ll break down the different ways business owners can legally and effectively pay themselves based on business structure (sole proprietorship, LLC, S Corp, etc.). You'll learn the importance of setting a salary, how to separate personal and business finances, and what to consider when budgeting for your own paycheck. Whether you're just starting out or have been in business for a while, this class will give you the knowledge and confidence to compensate yourself in a way that supports both your personal financial goals and your business growth.

Key Takeaways:

• The best way to pay yourself based on your business type
• Understanding owner's draw vs. salary
• How to calculate a sustainable and fair payment
• Tax considerations and recordkeeping best practices
• Tools and strategies for maintaining healthy business cash flow