Uploaded April 2025 | Updated September 2026, 2 weeks ago
๐ Start Your LLC Here: bit.ly/Start_Your_LLC
Wondering how to pay yourself as a business owner in 2026? In this video, I break down how to pay yourself from your LLC the right way โ whether youโre a single-member LLC, partnership, or switching to an S Corp for tax savings.
Youโll learn:
The difference between ownerโs draw and salary
How taxes work with each structure
How to avoid the #1 mistake new LLC owners make
When to switch to an S Corp for more tax benefits
Common errors that trigger the IRS ๐
This is a step-by-step guide that makes the confusing stuff easy โ so you can pay yourself properly, stay compliant, and keep more of your money.
๐ Timestamps โ Skip to What Matters:
00:00 โ Intro: How to pay yourself from your LLC
00:14 โ Should you use Venmo, Zelle, or write a check?
00:37 โ Single-Member LLC: What the IRS actually sees
01:13 โ Ownerโs draw explained (and the tax trap)
01:27 โ Do you owe taxes on what you withdraw?
01:42 โ How to calculate and set aside taxes (25โ30%)
02:09 โ Multi-Member LLCs: How payment works for partners
02:22 โ K-1 Forms and ownership percentages
02:35 โ Switching to an S Corp: When and why
03:00 โ S Corp salary vs. distributions
03:45 โ Common mistakes: Mixing funds, paying too soon, tax missteps
04:00 โ Why not to run payroll without S Corp status
04:16 โ Step-by-step process to pay yourself
04:52 โ Final recap & best practices for 2026
๐ SEO Tags (Comma-Separated):
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๐ฌ Got questions about how to pay yourself or choose the right tax structure? Drop them in the comments โ Iโll help you out!
๐ฒ Subscribe for more LLC tutorials, business tips, and smart ways to save on taxes.
๐ Start Your LLC Here: bit.ly/Start_Your_LLC
Wondering how to pay yourself as a business owner in 2026? In this video, I break down how to pay yourself from your LLC the right way โ whether youโre a single-member LLC, partnership, or switching to an S Corp for tax savings.
Youโll learn:
The difference between ownerโs draw and salary
How taxes work with each structure
How to avoid the #1 mistake new LLC owners make
When to switch to an S Corp for more tax benefits
Common errors that trigger the IRS ๐
This is a step-by-step guide that makes the confusing stuff easy โ so you can pay yourself properly, stay compliant, and keep more of your money.
๐ Timestamps โ Skip to What Matters:
00:00 โ Intro: How to pay yourself from your LLC
00:14 โ Should you use Venmo, Zelle, or write a check?
00:37 โ Single-Member LLC: What the IRS actually sees
01:13 โ Ownerโs draw explained (and the tax trap)
01:27 โ Do you owe taxes on what you withdraw?
01:42 โ How to calculate and set aside taxes (25โ30%)
02:09 โ Multi-Member LLCs: How payment works for partners
02:22 โ K-1 Forms and ownership percentages
02:35 โ Switching to an S Corp: When and why
03:00 โ S Corp salary vs. distributions
03:45 โ Common mistakes: Mixing funds, paying too soon, tax missteps
04:00 โ Why not to run payroll without S Corp status
04:16 โ Step-by-step process to pay yourself
04:52 โ Final recap & best practices for 2026
๐ SEO Tags (Comma-Separated):
how to pay yourself from an llc, pay yourself llc 2026, how to pay yourself single member llc, llc vs s corp salary, owner's draw llc, s corp distribution, llc taxes explained, how to pay yourself business owner, llc partnership income, should i pay myself from my llc, paying yourself llc or s corp, llc payroll explained, llc bookkeeping 2026, tailor brands llc, business tax tips 2026
๐ฌ Got questions about how to pay yourself or choose the right tax structure? Drop them in the comments โ Iโll help you out!
๐ฒ Subscribe for more LLC tutorials, business tips, and smart ways to save on taxes.
