Congratulations: Your Business, LLC has just made a sale! Time to go shopping—right? Hold up! That money actually belongs to your business, not to you. So how do you get paid? And how do you do it in a legally legit way? That’s what we’re going to talk about today. I’m going to share how I paid myself in the beginning, the step-by-step process I recommend for setting yourself a financial cushion, and how to get to a place where you can pay yourself consistently.
In this episode, you’ll hear…
- 02:58 - How I started my business and handled money early on
- 07:40 - How I paid myself when I started
- 10:05 - Making an owner’s draw (actually paying yourself)
- 15:13 - Paying yourself is not a business expense
- 18:21 - Being responsible with money
- 19:24 - Putting yourself on payroll
If you’d like a shoutout (and a chance to win a $20 gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!
Click here to find the full show notes and transcript for this episode.
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