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Building Your Personal Wealth Building Blocks of Financial Plans Compensating Yourself How Will You Pay Yourself?
Building Your Personal Wealth Building Blocks of Financial Plans Compensating Yourself How Will You Pay Yourself?
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PrintHow Will You Pay Yourself?
Like the poet said, let us count the ways — to get money out of your business. And they abound. The form they take often depends on which structure you choose: sole proprietorship, partnership, limited liability company, C corporation, or S corporation.
Each compensation method has its appropriate uses. Inappropriate use of any of them can be detrimental to your business health as well as your personal wealth, tax-wise and otherwise. Among the usual methods are:
