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Understanding How LLC Members Pay Taxes

Posted by Chris Peterson | Jul 24, 2020 | 0 Comments

Limited liability companies (LLCs) are one of the most popular types of business entities. The LLC’s flexible taxation options are one reason it is preferred; LLC members can, for the most part, choose how they would like to be taxed.

What You Need to Know about Paying Yourself as a Single-Member LLC

Posted by Chris Peterson | Jul 16, 2020 | 0 Comments

You are a new business owner and have decided to organize your business as a limited liability company (LLC). You are its sole owner and work for the company. How do you pay yourself? Are there guidelines regarding how often and how much you are entitled to? How do self-employment taxes come into play? The answers to these questions depend on how your LLC is taxed.