How do I actually pay myself from my LLC? In this third part of my LLC Masterclass series, I break down how draws work, the difference between sole proprietorships and S-Corps, and how to handle quarterly payroll and estimated taxes. I share exactly how I do it with my own LLC and what to avoid to stay compliant and maximize your business income. Subscribe to get more insights on LLCs, tax strategies, and wealth-building for entrepreneurs. LLC taxes, pay yourself from LLC, S Corp payroll, estimated taxes small business, how to pay yourself LLC 0:00 - How Do You Pay Yourself from an LLC? 0:32 - Business Bank Accounts & Asset Protection 1:22 - Taking a Draw vs. Paying Yourself 2:35 - Sole Proprietor Tax Reporting Explained 3:34 - S-Corp Strategy: Salary vs. Dividend Split 5:13 - How to Run Quarterly Payroll for S-Corp 6:05 - Estimated Tax Payments for Entrepreneurs 7:10 - Avoiding IRS Penalties on Taxes ---- Unlock the power of self-directed investing at the 12th SDIRA Summit: https://sdirasummit.com/ ---- Found this video helpful? Click the Like button & share with others. Subscribe to my channel and click the 🔔 icon for notifications when I post a new video. Don't forget to leave your questions in the comment section below! ---- Websites: https://directedira.com/appointment https://kkoslawyers.com https://mainstreetbusiness.com https://matsorensen.com ---- My Social Media: Instagram: https://www.instagram.com/matsorensen/ Tik Tok: https://www.tiktok.com/@sorensenmat Linked In: https://www.linkedin.com/in/matsorensen/ Facebook: https://www.facebook.com/mat.sorensen.1 ---- 🚀 Disclaimer: This podcast is for educational purposes only and does not constitute financial advice. Consult with a qualified professional before making any investment decisions.