Wealthy Habitat

A business that pays its owner · Lesson 4 of 6

Pay yourself first, then judge the profit

Owners who take irregular draws never know if the business works. Set a salary, pay it every month like any other bill, and then look at what is left. If profit is steady, the S corp question and the owner retirement plans are where a real amount of money can be kept, and an accountant should hear the question this year.

Opening your place…

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