LLC Owner Dilemma: How to Pay Yourself

[@aijebamalayo]

Very helpful! Thank you!

[@bigpif165]

Are you a CPA and do you provide services?

[@PrettyJhordi]

I have watched about 3 videos trying to figure out how to pay myself as a single owner LLC. Your video helped so much! You broke it down so well.

[@toslegal]

I'm so glad it helped!

[@auroraautumn8764]

I love your delivery. You got straight to the point.

[@toslegal]

Yes! I'm trying to save your time and mine, lol. Glad you liked it!

[@SaayaFacts]

Question for you: If I invested 15,000 to start my business and now that my business is profitable I want to withdraw my 15,000 investment, what is the correct way to do this? Since I moved money from my personal bank account over to my business account, would me getting this money back be tax free? Thanks in advance for your help.

[@staceycjohnson]

Your Awesome! your delivery is very clear and to the point. love it!

[@p5apope]

Facts

[@DansChessLounge]

You gave me great clarity on this topic, thank you Ms. Siyanbade

[@toslegal]

I'm so glad! Thank you for watching. Keep watching, commenting, and engaging. Your comments could inspire the next video.

[@SGMGTROPHYBOY]

Perfect timing queen

[@toslegal]

I'm so glad this was helpful!

[@tanyaherrill9571]

Thank you so much 😊

[@toslegal]

You're welcome 😊

[@ashleyg2548]

Thank you!!! Short simple and easy to understand !

[@MrsDavis-vm8tq]

Wow I've learned so much from this that I didn't know !!

[@toslegal]

I'm so glad!

[@yourcoilyness]

So straightforward! Thank you!

[@tionnaharris222]

Very clear and helpful! Thank you!

[@toslegal]

You are so welcome! By the way, I'm hosting a webinar about LLCs and Trademarks. You might be interested in it. Feel free to check it out www.toslegal.com/startrightworkshop.

[@sirlonzataylor1353]

Great Work!

[@toslegal]

Thank you!

[@TracyLynnMovement]

This was so helpful thank you!

[@SONVLOG426]

This is informative. Thank you.

[@toslegal]

Glad it was helpful!

[@pierrejordan9567]

Very helpful Very Clear. Thank you very much.

[@shermanehylton4518]

You're awesome 👌 👏 thank you so much for the information

[@toslegal]

Happy to help!

[@REAL0223]

Awesome. Thanks!

[@queonteauque4387]

Thank you, this information really helped. One question is, what the percentage that I can draw from my profits 20,30,40 percent?

[@damientaylor2655]

Great video!!

[@toslegal]

Thank you! Glad you enjoyed it!

[@queencitybuzz6394]

Thank you!

[@toslegal]

You're welcome!

[@sustainablecommunitycooper8270]

Good day. Thank you for the insightful content. I need clarity. You mentioned salary and dividend. Is it possible for my single member LLC to reimburse me for the money I contribute to my single member LLC?

[@toslegal]

Great question. This is something that an experienced business attorney can help guide through but it depends on the type of contribution and the accompanying documentation. I hope this helps.

[@31chickenwang]

Great information!!!!!!

[@toslegal]

Glad it was helpful!

[@vbrown7530]

Do you think being a W2 employee would make buying a home easier 🏠

[@patricewilliams2998]

It's less paperwork for sure.

[@luzadrianav176]

I have a question. I hope you can help me
We are a LLC/partnership ( husband and wife ) company 2 member and we are also employee ( 1 like driver, 1 like dispatcher) what form we need to pay tax as employee ?? I have record of transfers( that every week we pay us) to our personal account. Thank you

[@LaSFamilyVlogs]

W4

[@og-oodie]

great info

[@reasoning_exp]

More 🔥🔥🔥 and Knowledge‼️🙏🏿

[@toslegal]

Thank you for the kind words! I'm so glad that you've found the videos helpful!

[@dy234]

Im 2 hrs away!.❤

[@sharris7034]

So on check put Owners Draw?

[@Hoffmanpest]

Thanks

[@toslegal]

You are welcome!

[@mrs.parker22]

Hello Temi, I have a question I’m in the process of starting up my own llc and just got married. I want to change my last name but our ssn office isn’t taking in person appointments because Covid should I just wait to start filing for my llc until my last name is changed? Thanks so much.

[@cecilyburro5326]

Thank you

[@TowProVlogs]

do you have to file if you didnt make money all year?

[@noteworthythread7979]

Yes.

[@flackg1]

Great channel

[@toslegal]

Thank you! So glad to hear that you find it valuable. By the way, I'm hosting a webinar about LLCs and Trademarks. You might be interested in it. Feel free to check it out www.toslegal.com/startrightworkshop.

[@flackg1]

Ok and I will

[@trendingwithLesenzo]

Will you report the money that you pay yourself to the IRS and the state you live in and have business at?

[@officialpatrickj]

Facts 📊

[@robertbrowne4431]

Can I pay myself as an employee and still take owners draws?

[@Biggsneeky]

Can I (an employee for a Trucking Company) create an LLC using the net income from my wages and reduce my tax liability even further? 🤔

[@etchosts8162]

Do i write owners draw in the memo

[@bambiblushofficial1275]

Do you have to pay taxes on your annual distribution?

[@waltercastro2015]

Uh oh. I am using personal account as business. Sh*t. I better open an business account. Transfer that money.
I have a question, i do lawn care maintenance as LLC and self employed. ai receive a 1099-K. Am I earning points on my Social.S?

[@lewisburton1852]

So what is the best way to pay yourself for a mortgage?

[@2kidd2]

wow zero dislikes :) 345th like 0 dislikes Temi For PRESIDENT!!

[@toslegal]

😂😂😂Just President of my firm, lol. Glad you liked the video!

[@prithidevghosh3161]

Don't blink too much, u will fly 🙂

[@zstero4612]

666 likes 👍

[@mikemartinez8076]

Extremely helpful thank you!

[@toslegal]

Glad it helped!