To LLC/Business owners...question...

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RemainRandom50
Do You Need ToKnow Me?

Registered: 01/15/06
Posts: 1,695
Last seen: 17 years, 4 months

To LLC/Business owners...question...

#9136551 - 10/26/08 12:40 PM (17 years, 10 months ago)

I currently stepped into creating and owning an LLC which contracts a lot of work as consultants and my company gets paid for it.

There is no employees as I am the only one in the LLC. Everytime i get paid, i see to it that the companies write there checks to my company which then gets deposited into my company bank account.

My question, how do i pay myself? When do i pay myself? How much do i pay myself?

I mean, the whole purpose of the LLC is because i pay less tax on my income, but if im writing myself checks .... arent i in return just paying tax on what i take out then?

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