Key Financial Steps for Launching a Successful Venture Starting a new business is an exhilarating journey filled with ambition and innovation. For entrepreneurs in Caldwell, Idaho, turning a great idea into a thriving company requires more than just passion; it demands a solid financial and legal foundation. The initial steps you take in setting up […]
Tag: llc
I am a lawyer; how do I pay myself through LLC?
Published August 14, 2023 – In modern business, lawyers play dual roles: legal counsel and entrepreneurs. Often, they establish an LLC for liability protection, tax flexibility, and operational versatility. Let’s lawyer compensation within an LLC. Table of Contents IntroductionSetting the Foundation: Basics of LLCs and Self-PaymentDetermining Reasonable CompensationStructuring Self-Payment: Different ApproachesTax Considerations and ImplicationsThe Role […]