Have you started your own one-person sole proprietorship business, and you want to know the logistics of how to pay yourself?
While you can mash up the business money with your money, as a sole proprietor, it is a terrible idea! In this video I share why you need to create a process and the accounts and systems you need to get your money.
In the video I talk about estimated taxes - here's the info:
https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
and the form: https://www.irs.gov/pub/irs-pdf/f1040es.pdf
—
Want more info about this topic? Have a question?
- Leave a comment below!
- Join the Discord community: https://discord.gg/mhKnapnmXx
- Sign up for the Patreon: https://www.patreon.com/elizabethpw
—
Did you find this helpful? Please support the channel!
Free ways to support the channel:
- Like this video — it helps with the algorithm!
- Post a comment below letting me know!
- Share the video with someone who may find it helpful
- Join the Discord community: https://discord.gg/mhKnapnmXx
Money ways to support the channel:
- Post a “Super Thanks” comment (hit the $ button below the video)
- Tip via Ko-Fi: https://ko-fi.com/elizabethpw
- Tip via PayPal: http://paypal.me/elizabethpw
- Sign up for the Patreon: https://www.patreon.com/elizabethpw
—
Legal Disclosure: I am licensed to practice in the state of California and before the United States Patent and Trademark Office. Information contained in this video is not legal advice – please seek advice of counsel. This video and description may contain attorney advertising.
Disclosure: My videos may contain reviews, recommendations, testimonials, or endorsements of other businesses, individuals, events, materials (such as books), products, services, or websites. At this time I do not receive any monetary compensation or affiliate revenue for such content. I occasionally receive free access to a service, product, or program in order to provide a review; if so, I will clearly disclose this in the video.
I am not currently accepting new law firm clients -- if you'd like my advice, check out the Patreon - https://www.patreon.com/elizabethpw
EPW Small Business Law PC http://www.elizabethpottsweinstein.com
Comment policy: I reserve the right to delete comments and block anyone from the channel due to threats, hostility, or spam.
#soleproprietor #smallbusiness