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Best Way To Pay Yourself As The Business Owner
Determining how to pull money from your business is a critical step in a small
business ownership. Whether you take a draw or a salary, makes little difference if you are a sole proprietor. A combination of salary and draw is typically how most small business start. When the business is doing well, the draw can be easy to utilize, but remember that the business will need cash flow when times are leaner so overdrawing on the business can .
Determining how to pull money from your business is a critical step in a small
business ownership. Whether you take a draw or a salary, makes little difference if you are a sole proprietor. A combination of salary and draw is typically how most small business start. When the business is doing well, the draw can be easy to utilize, but remember that the business will need cash flow when times are leaner so overdrawing on the business can .
Determining how to pull money from your business is a critical step in a small
business ownership. Whether you take a draw or a salary, makes little difference if you are a sole proprietor. A combination of salary and draw is typically how most small business start. When the business is doing well, the draw can be easy to utilize, but remember that the business will need cash flow when times are leaner so overdrawing on the business can .
About the Author
Steven A Feinberg
Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.
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