🎙️You wanna take out a salary from your company… -Sponsored by Flow Digital and Pipedrive

I'm not saying that all the money that you take out of your company should be via salary. There should be a judgement call as far as what salary makes sense for me to take out of the company A based on the function that I have in the company and B what the company can afford. >> Mhm. >> Uh but you want to take out a salary. Uh just to note, this is one of the differences between a corporation and an LLC. A corporation as the shareholder you can take a salary like any other employee, you get a W-2. An LLC, the partners in the LLCs really should not take salary W-2 salary. A partnership, monies that they take out is not salary and they shouldn't really run it through salary although I've seen situations where partners run their salaries through although their business is an LLC.