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Updated over 2 years ago on . Most recent reply

Joshua Minatel's profile image
Joshua Minatel's profile image
Joshua Minatel
  • Member since Oct 16, 2022
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Joshua Minatel's profile image
Joshua Minatel's profile image
Joshua Minatel
  • Member since Oct 16, 2022
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Joshua Minatel
3
Votes |
5
Posts
Personal Finance

Best way to pay yourself

Joshua Minatel
Posted

Being a sole member LLC, what is the best way to pay yourself and not be in legal or tax trouble? All of my properties I buy are under my LLC.

Indianapolis, Indiana
1 Vote
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Brandi K.'s profile image
Brandi K.'s profile image
Brandi K.
  • Rental Property Investor
  • Member since Sep 1, 2018
  • Posts 56
  • Votes 38
  • Experience 8 Yrs
  • Investments 2
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User Stats

56
Posts
38
Votes
Brandi K.'s profile image
Brandi K.'s profile image
Brandi K.
  • Rental Property Investor
  • Member since Sep 1, 2018
  • Posts 56
  • Votes 38
  • Experience 8 Yrs
  • Investments 2
Connect
Brandi K.
  • Rental Property Investor
38
Votes |
56
Posts
Brandi K.
  • Rental Property Investor
Replied

Owner draws is how you pay yourself. You don't have to do anything fancy. You can simply write a check from your LLC to yourself and book as owner draw.

4 Votes
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