When Should You Pay Yourself a Salary As a Business Owner

When Should You Pay Yourself a Salary As a Business Owner

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In the workforce, all jobs deserve a salary. However, that leaves business owners with the difficult decision of how much to pay themselves. Naturally, as a business owner, one would want to invest in the business to ensure its prosperity. On the other hand, everyone needs a roof over their head and food in their bellies.

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A question every business owner should struggle with is the amount they should pay themselves as a result of their hard work. Whether a business is new or more developed, the number of parts in motion can make things tricky to navigate in order to find a solution. We will be going over a brief list of things to consider when making a choice. Through our program, we will discuss the variables that will affect the outcome of your paycheck for your own business.

Is this an important topic that you should take the time to listen to? Absolutely!

We hope you enjoyed this installment of Coffee with Carl. Going over your salary as a business owner can feel daunting to those in such a position. We hope that our video on the subject helps our viewers in one way or another. If you don't want to miss out on any future content, then be sure to subscribe to the channel and like this video to support us. Furthermore, if you have any lingering questions or thoughts, then feel free to share them in the comments section. As always, thank you for joining us.

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Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.

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Disclaimer

The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.


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