Determine your LLC’s tax classification
Pay yourself as an owner’s draw if your LLC is taxed as a sole proprietorship or partnership
Pay yourself a salary through payroll if your LLC is taxed as an S corporation
Pay yourself a salary through payroll if your LLC is taxed as a C corporation
Transfer money from the business account to your personal account for owner’s draws
Keep business and personal finances separate
Record every payment to yourself in your accounting records
Set aside money for taxes on your self-payments
Follow your LLC operating agreement
Consult a tax professional or accountant for your specific situation
