Determine your LLC’s tax classification
Pay yourself as an owner’s draw if your LLC is a single-member LLC or a multi-member LLC taxed as a partnership
Set up payroll and pay yourself a salary if your LLC is taxed as an S corporation
Follow IRS and state payroll tax rules if you are on payroll
Keep business and personal finances separate
Transfer money from the business account to your personal account for owner’s draws
Record each payment properly in your accounting records
Make estimated tax payments if required
Consult a tax professional to choose the best method for your LLC