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.
How to Pay Yourself as a Single Member LLC: Download the FREE written guide at bit.ly/37ZzCxV
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Пікірлер: 379
So overwhelmed with all this LLC stuff 😖 Got so much to do and so much to learn.
@LyntoyaLockett
4 жыл бұрын
Same here I hope you gotten it all done. Where as I’m just getting started 🤦🏽♀️🥺
@chaseshoffner5094
4 жыл бұрын
Y’all can totally do it! I just turned 20 and started my own business. it’s scary at first but once you get a foot hold then go for it I highly recommend finding a reputable CPA to answer any questions and give honest financial advice and instruction. Yes I know another expense but it’s worth the investment! DO NOT USE 1800- ACOUNTANT, and get QuickBooks set up correctly with a CPA first off! Good luck! Stay hopeful
@grapeseed427
3 жыл бұрын
...and run a business at the same time!
@TraeDaMenace
3 жыл бұрын
I feel you on this
@kelvinadams4877
3 жыл бұрын
Same here but we going to get there soon keep pushing.
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!
@martingriffin7849
2 жыл бұрын
Easy on the eye too!!
The happiest attorney I have ever seen in my life :) Congratulations ! it a pleasure listening to your law lessons on business
You are a blessing dropping all of these gems! I've learned so much from you. Thank you for the info.
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.
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 !
@allupinyobiz
4 жыл бұрын
Amazing, I'm really happy to hear that! Congrats girl!!
@LyntoyaLockett
4 жыл бұрын
🎉👸🏽
@JustAnotherDay2023
3 жыл бұрын
@@allupinyobiz I am a non-resident. If I setup a single member LLC, and: 1. I receive from Amazon $100,000; 2. I pay myself "salary" of $10,000: 3. The cost of the product including shipping is $50,000; then my profit is $40,000. Assume there are no other deductibles, and $60,000 is the total LLC expense Question: a. Will I as US non-resident, get taxed on the salary payment of $10,000? What is the tax rate on the salary? If the salary payment is made to my country of residence bank account (sub-question: is this even allowed, and if not would that mean I need to also open a personal bank account in the US?) will it still get taxed by IRS? b. What is the tax rate on the profit of $40,000 for me as US non-resident? It is unclear whether your explanation on taxation applies to both US resident and non-resident.
@nancywhite8697
2 жыл бұрын
Morning! sounds good Was you able to get your paper-work by postal mail
You are seriously the only person on KZread 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!
@brianlandis3057
3 жыл бұрын
I know, RIGHT?!! :D
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!
@nancywhite8697
2 жыл бұрын
Morning sounds good! so how is it out there in Ga, I'm currently want to relocate that way too
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.
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!
In first year of real estate and created an LLC - this is SO helpful and needed. Cannot thank you enough!
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
I got immediately homesick as soon as you welcomed us. Thank you for sharing and offering a tutorial in a way that is easier to grasp. Thank you from St.Croix, USVI to you at my home home of Denver/ Aurora CO! Subscribed
Wonderful article. I appreciate your energy and commitment to assist small business owners.
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!!
Good to be here, this is exactly what I needed today. I am starting a small business in the niche of mentoring and coaching program. At this stage I am exploring with the business plan, developing the website and intellectual property for the coaching session with the brand name that I am interested to test prior the trademark process. Thank you very much, Yana.
Great job. Newbie. Glad I've come across you. Always nice to hear a different take on things. You never know how much you can really learn.. If you want. Thanks a lot.
great videos. This is the second one I've watched. You do a great job staying on task and making things simple to understand...
You're the only one I've seen on KZread 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❤
This... Was.... Wait for it..... AWESOME!!!!!!!!!!!!!!!! Thanks so much. I'm helping wifey with her new LLC and your channel is exactly what we need. Liked and subscribed. Thanks!
Really appreciate your clear cut definitions and explanations. Thank you. Good stuff.
These videos are so great! Thank you for making it clear
Thank you for the NOVO referral!! I love your videos. So helpful and I appreciate you taking the time to put this info out for all!
You won me overfrom the other business lawyers I would listen to because of the details and intricacies you often give along with the subject matter. Keep up
@allupinyobiz
3 жыл бұрын
Awesome, I love that! Thanks so much for watching! 😁
Thank you so much Aiden! This has given me great insight as to some of the things I need to consider and how I need to proceed in my business. You rock!!
your videos have helped so much, thank you for putting so much time and effort into sharing your knowledge!
Thank you for taking your time to create helpful videos!
Thank for some well needed info. Yo’ got yourself a new subscriber here!
Thank you! I appreciate the way that you explain everything.
Third vid of hers I've watched, liked & subscribed. Fantastic information and presentation.
She's so cool, knowledgeable, and cute. The info that she's provided on the 3 videos that I've watched have been soooo helpful and easy to understand. I've been taking notes, and I'll be better prepared when speaking with resources to progress my business plan.
I have watched several of your videos....You Rock. Thanks for sharing such valuable information.
I am so happy I ran across your channel you will be a big help to my small business which is In Home Care Services
Thank you so much for giving us your time and helping us through this daunting trail of letters, forms and other legaleses
Awesome 👏 your videos help out a lot. Like how you break down and explain it all in sections!!! Very helpful Mahalo 🤙🏼keep up the good work!!!
Appreciate this valuable info and the great freebies! Thank you!!!!
Great video! Very informative for me as I just started my own small business.
Thank you so much for uploading these videos. They contain very useful information. :)
Thank you, you've been so much help 🙏
Great and informal video. I learned way more than I expected to!
Congrats, I appreciated your explanation a lot!
@allupinyobiz
4 жыл бұрын
Glad to hear that!
Very interesting and helpful tips, Aiden. Thank you very much for sharing the knowledge.
Thank you, I learned more from you then others on line
you are incredible, this was so helpful! thank you! Subscribed for sure!
Love your videos. Great information, well presented.
Good stuff! Thanks for dropping the 411 on single-member LLCs.
Thank you thank you thank you! 🙌 this has been very great legal advice!
THIS VIDEO IS A LIFESAVER!
Sooo much good information. Writing all this down. Thank you!
@allupinyobiz
4 жыл бұрын
Make sure you download my free guide too! That way you won't have to write it all down. :-) you can get the download at bit.ly/37ZzCxV
Excellent video! Thank you for answering so many questions!
Your added insights are very helpful...
Thank you so much for breaking this down !!
Keeping meticulous records is key along with staying organized.
LOVE YOUR CHANNEL, Thanks for everything. (better than my other nighttime videos)
Fantastic video filled with excellent information.
Great information! Thank you for sharing your wealth of knowledge.
Really appreciate your comments and knowledge on this "LLC business thing"", this is extremely helpful when I am now starting my Real Estate investments. Thank you Again All and Up
I heard "on this episode of all up in yo business" and cracked up. Subscribed.
@antonywoe9353
3 жыл бұрын
Cute
@dhuratadobbins3001
3 жыл бұрын
Same!!! 🤣🤣
@Darksun30
3 жыл бұрын
I thought I was the only one.
Great overview of single member LLC! Thank you very much.
Very clear and concise. Good thing I have a little understanding.
This video was helpful! Thank you so much for the info.
Thank you Aiden. Great stuff.
Great job! Well explained. Thank you so much. 👍👍
Awesome video and information. Thank you!
omg this was so helpful. Thank you so much!!
Love what you do! I am so happy I found you. I’m taking lots of notes and working on setting up my Operating Agreement. Doing that and following it to ensure I am documenting/recording properly and have defined operating procedures. Being set up properly and having the paperwork to reflect all expenses, payments etc...I see the value of setting the foundation properly so everything is always in order of how my business is run! Thank you again!! You’re awesome!
learned so much. Thank you coach
I love your content. Thank you so much
This was great! Thanks
Awesome video. Thank you
Really awesome video helped a lot
Very helpful content. Thank you!!!
This is very helpful! Thank you.
Wow you're like another Professor here on KZread University. I understood you from start to stop. Thanks!
Aiden! Kool name by the way. Once again you’ve done it. Mad easy to understand, and when it comes to people like me.....llc’s for dummies. Thanks a ton.....r u supergirl, come on, you can tell me !?!
Another great video, thanks!
Thank you for this!
this is soooo helpful! thank you so much 😊😊😊
Excellent introduction!
Thank you. Very useful!
Very informative, thank you!
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 ?
VERY HELPFUL, thank you
thanks for the break down
Thank you sister ♥️
great video!
Very Insightful ! Thanks!
@allupinyobiz
4 жыл бұрын
Glad you enjoyed it!
Wow! I have learned so much more here on your videos then I have in the last 4 1/2 years of business classes. You explain it as it should be explained in simple terms. I am so relieved to have found you here. Thank you ..
That was great! Thanks 😊
Thanks, Fran!
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?
*Hi Aiden, thanks for the great video, what happens if in my single member llc I am a not american or live in the US? I am a Costa Rica citizen. Would I still have to pay taxes?*
Ah, thank you! I will be setting up an auto-pay schedule to pull the minimum for paying down my HELOC. Now I know it is called a "member distribution". Perfect! I guess I was overthinking the "comingling" element, which this would not be comingling of funds.
I'm sharing you to my wife... (Manager!) so we can get all this stuff down right! Thanks!
Can you do a video on interns vs contractors vs employees as a single member LLC, esp as it relates to taxes ?
Very helpful.
Thank you so much! Very bright and clear and Beautiful as well!!
@allupinyobiz
3 жыл бұрын
Thanks so much for watching and for the kind comment!
Great information
I can watch you all day.
@brianlandis3057
3 жыл бұрын
(Yes, she has that way about her, doesn't she?!) :)
Thanks for the video! We are going to use the link for NOVO :)