Salary or Draw? How to Pay Yourself as Business Owner

From Intuit Small Business Blog

by Carla Turchetti on

Congratulations! Your small business has moved beyond the initial startup phase and is now a profitable venture. Although you may have worked for free in the early days, it’s time to pay yourself for your efforts.

You generally have two options for taking home a paycheck: a salary and/or a draw.

Read more: http://blog.intuit.com/money/salary-or-draw-how-to-pay-yourself-as-business-owner/#ixzz2XLnjq8TP

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