This episode focuses on how small business owners pay themselves. Specifically, Brett discusses how your choice of business structure–whether you operate as a sole proprietor, partnership, S-corp, or C-corp, affects the mechanics of how you’re paid and the pros and cons of each scenario.
Please note this discussion today is a very high-level overview of complex subject matter and is for informational purposes only. You should consult your tax professional (CPA, EA, or tax attorney) about your particular situation.
For more information on choosing the best structure for your business, check out our last episode: Structuring Your Business for a Tax-Efficient Sale.