What Is The Best Way For Founders To Pay Themselves In An LLC?

I get this question from time to time so I figured I would address it here. I would through best-way-to-paya percentage of cash flow. What percentage varies depending on the business. What I would do first, is determine the amount money you want/need to leave in the business to cover operating expenses and growth expenses. Then pay yourself out of the rest.

To record the payment to yourself you would cut a check out of the business and debit an owner – withdraw account on the balance sheet.

If further information or if you have any questions do not hesitate to ask. www.eagleeyebookkeepingservicesllc.com 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s