Paying yourself is likely one of the most confusing aspects of starting a business.
Not only do you have to decide how much to pay yourself, but you also have to plan for taxes, make sure you have enough cash left over to operate your business, and determine an appropriate cadence for taking a salary or draw from your business.
In today’s podcast we cover everything you need to know to pay yourself properly from your business.
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Resources Mentioned
Some of these links are affiliate links. That means that if you purchase through one of my links it will support the podcast financially, but it won't cost you anything extra. Thank you for your support.
My favorite payroll provider, Gusto. I've been using Gusto for years and I love them. Try them out for free and experience the joy that is carefree payroll for yourself.
If you are looking for a business bank account, Relay FI has you covered.
If you are interested in implementing Profit First into your business, then you have to pick up the book by Mike Michalowicz.
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Legal Disclaimer
The content of this podcast episode is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this podcast episode for legal advice. Listening to The Legal Jim Podcast is not intended to and shall not create an attorney-client relationship between you and James W. Hart or The Hart Law Firm, P.A. d/b/a Hawthorn Law. Messages or other forms of communication that you transmit to this website will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither James W. Hart nor The Hart Law Firm, P.A. makes any representation, warranty, or guarantee about the accuracy of the information contained in this podcast episode or in links to other podcasts, resources or websites. This podcast is provided “as is,” does not represent that any particular outcome will result from listening to this episode. Your use listening to this podcast is at your own risk. You enjoy this podcast episode and its contents only for personal, non-commercial purposes. Neither James W. Hart, The Hart Law Firm, P.A., nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
