Can I Take an Owner’s Draw Everything You Need to Know

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Content The Advantages of Paying Salary in an S Corporation So, Should I pay myself a draw or salary? Mistakes New Business Owners Make How to Report Payments to Yourself for Taxes Are you required to take a salary from an LLC? Mistakes to avoid while paying yourself Making the call: How much do you pay yourself? Where there are multiple owners, if all of the LLC members participate equally in the operation of the business, you can’t pay one