Hello,
I've owned a small retail business for about 2 years now, and I'm wondering how I should pay myself. My business is registered as an LLC, and I'm wondering what is the best way to pay myself a salary?
For the last couple of years, my entire profit from the year is what I've recorded as my salary on my taxes, but would it be more tax advantageous to pay myself a set salary each month instead?
I'm also curious about taking distributions and how that works. Is that a way to pay myself at the end of the year?
Thank you!
