Answers
LLC Paycheck
Asked by:
Curt D. — 8 August, 2011
If I start a LLC am I able to get a paycheck from my company with taxes withheld?
Answered by:
admin — 8 August, 2011
Curt,
Technically LLC is a flexible entity that can be elected to be taxed as either disregarded entity (or partnership), S-Corporation or C-Corporation. That give you an option to pay yourself in various ways – from just distribution of profits, to member salaries etc.
I would recommend you to consult an accountant to give you a better understanding of how to best structure your LLC and issue yourself a salary.
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