How to take your pay out of your LLC

04/25/2012 | Bloomberg Businessweek

Sole owners of limited liability companies can take money out of their businesses by writing a check from the company to themselves, CPA Jim Sharvin says. It's important to understand that this money will be "subject to taxes at the individual tax filing level and subject to self-employment taxes," CPA Lisa Schwartz notes. It's a good idea to work with a professional accountant, according to Gregg Landers of CBIZ MHM.

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