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LLC Paycheck

Asked by: Curt D. - 8 August, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 If I start a LLC am I able to get a paycheck from my company with taxes withheld?
Answered by: Monique Blanchard - 12 August, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/50.jpg-60aa8d118f025d90495307344c27caa8 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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