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How do you pay yourself?

Discussion in 'Business Operations' started by Shorts, Sep 20, 2006.

  1. Shorts

    Shorts LawnSite Member
    Messages: 16

    Hey guys just wondering how you all decide what to pay yourself. My accountant suggests I pay myself what I need to live on which in my case is only about $2,500 after taxes per month. He also mentioned that if there was $30,000 in the account after everything at the end of the year I could always pay myself a bonus.

    Looking forward to how you guys do it.

    Also, are you operating as a sole, LLC or S Corp and why.

    Thanks guys....awesome site!!!:usflag:
  2. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    LLC, pay myself a % of the net for that month.

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