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Tax law changes
Thank you for answering that question. In your case, you would not be able to pay yourself a salary, but you can take owner's draws from your business to your personal account for your personal expenses. The limit? You can take up to 100% of your profits and equity, but you have to be careful you leave enough money for the operations of the business.
Hope this helps answer your question.
Cheers,
Laura
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‎September 28, 2022
12:24 PM