Determine your LLC tax classification
Pay yourself as a member’s draw if the LLC is taxed as a sole proprietorship or partnership
Pay yourself a salary through payroll if the LLC has elected S corporation taxation and you are an employee
Take owner distributions if allowed by your LLC’s tax status and operating agreement
Keep business and personal finances separate
Use a dedicated business bank account for all LLC income and expenses
Record every payment to yourself in the company books
Follow your operating agreement for member payments
Set aside money for taxes on any income you receive
Consult a CPA or tax professional before setting up owner payments