SteveBizBlog

Beyond the Hype: Demystifying LLCs and Unpacking Their Challenges

Before Starting a Small Business / Single Member LLC, Limited Liability Company (LLC)

For Years, Entrepreneurs Have Been Inundated With the Notion That Limited Liability Companies (LLCs) Are the Go-To Choice for Small Businesses. We Argue That LLCs Are Oversold and Their Management Underrated and Critique the Widespread Endorsement of LLCs For Small Businesses, Highlighting Potential Shortcomings in Liability Protection, Flexibility, and Simplicity.

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Get Paid as Sole Proprietor or single member LLC

How to Get Paid as an Owner of a Sole Proprietor or Single-Member LLC

Small Business Finances, Small Business Regulatory and Compliance Issues / Get Paid, Sole Proprietor, Limited Liability, Limited Liability Company (LLC), Single Member LLC, Owner Draws

As a sole proprietor or as a single-member LLC you are the only owner, and as a result, you do not take a salary or a wage from a business. Instead, you can simply take out excess cash from the business, which is known as an owner draw, to pay yourself.

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How to Get Paid as an Owner of a Pass-Through Entity

Small Business Finances, Small Business Regulatory and Compliance Issues / Income Tax, Get Paid, Sole Proprietor, S Corp, Limited Liability, Limited Liability Company (LLC), General Partner, Single Member LLC

How you pay yourself as an owner depends on the type of entity you are and how many owners there are. This post lays the groundwork and defines a few terms that should help demystify how entities pay the owners of the business.

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