Hello Daria, I'm happy to help you with your question today. How is your business organized? Is it a sole proprietorship (you own it alone) or do you share ownership with others (a partnership). Knowing the ownership structure can help you determine how much of the net profits (Gross Revenue minus your business Expenses) are available for your personal use.
In general, you want to leave enough money in your business to keep it operating and growing. Based on how your business ownership is set up, you can determine how much money you should take out for your personal use. Are you the sole owner of your business? Have you made an S-Corporation election?
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