Which is Better for Your Business: SMLLC or S-Corp?
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YouTubeJasmine DiLucci, JD, CPA, EA
As a business owner, how you pay yourself matters. As a SMLLC you can take cash out of the business as an owners draw but you can't actually be on payroll. Essentially the net income of the business will be part of your earnings and be reported as self employment income. An S-Corp can allow you to split income between salary and dividends — which may reduce self-employment taxes. 💡 Paying yourself smartly means keeping more of what you earn. Ask your CPA if you’re set up to save. | Atiya Brown
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As a business owner, how you pay yourself matters. As a SMLLC yo…
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FacebookAtiya Brown
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