Small business owners say goodbye to many of the familiar aspects of holding a traditional job.
This includes your standard salary. As a business owner, you’ll instead receive compensation in the
form of an owner’s draw.
Click start to learn more about owner's draw and which option could be best for your small business.
Owner's Draw
An owner's draw is how business owners pay themselves. Typically, this takes the form of a check from the business owner’s equity account. Assuming the balance of their equity accounts is more than zero, owners can take draws whenever they wish.
Equity Account
Your owner’s draw can take one of three forms, depending on whether you classify yourself as a sole proprietor, partner, or LLC member. Explore your options to see which solution is best for you. Keep your eventual earnings in mind as you start your business so you can choose the best option from the very beginning.
Original Business Investment
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Owner's Share of Profits
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Deductions
Are you shopping for a low-cost way to get your business started quick?
Yes, I want to get started quickly and inexpensively!
No, I have the time and money to invest in more complex approaches.