New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.

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.

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0