How to Pay Yourself as a Sole Proprietor || what accounts and systems you need to pay yourself $$

How to Pay Yourself as a Sole Proprietor || what accounts and systems you need to pay yourself $$

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Publish Date:
July 8, 2023
Category:
Business Attorneys
Video License
Standard License
Imported From:
Youtube

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



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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.

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#soleproprietor #smallbusiness