If your childcare business is established and profitable it’s only right that you pay yourself. However, as an owner how do you pay yourself legally?
The answer is pretty clear cut, evaluate the structure of childcare business you own. Is it a Sole proprietorship, Limited Liability Company or Corporation.
Though there are no restrictions on how much you should be paying yourself, there are tax implications and other important things you need to consider.
In this video, I break down how you can pay yourself as a childcare business owner depending on structure of business.
If you have any more questions on how this could impact your childcare business click the link below to schedule a 15 min Childcare strategy session:
bit.ly/CFOCons...
Or visit our website: topdollarcfo.com
You can also visit and subscribe to my RU-vid channel to know how you can save on taxes and make your childcare business profitable: bit.ly/GJHRU-vid
Here’s the link to my free e-book: “Top 5 Reasons You Need Bookkeeping As a Provider Within Your Business”: bit.ly/3rId9oj
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25 авг 2024