How Do Business Owners Get Paid From Their Business?

It's common to hear business owners talk about "getting a salary" from their business, but that's not actually how most business owners get paid. There are several different ways to get paid from your business depending on the type of business you operate and the stage of business you are in. For example, as a corporation you may pay yourself like an employee with a W-2, versus as an LLC or Sole Proprietor you may draw or distribute share and get a 1040 instead at tax time, CLICK HERE to learn more about how business owners pay themselves.