Learn the best ways to pay yourself as an LLC, sole proprietor, or S-Corp owner. Covers owner's draw vs salary, taxes, and how to create pay stubs.
One of the most common questions new business owners face is: "How do I actually pay myself?" Unlike W-2 employees who receive regular paychecks, business owners must choose a payment method that aligns with their business structure and tax strategy.
Best for: - Sole proprietorships - Single-member LLCs - Partnerships - Businesses with irregular income
How it works: 1. Transfer money from your business account to your personal account 2. Track the amount as an owner's draw in your books 3. Pay self-employment tax (15.3%) on the draw at tax time 4. Report on Schedule C (sole proprietors) or Schedule K-1 (partnerships)
Published by the BestPaystubGen Editorial Team, covering paystubs, payroll compliance, federal and state taxes, W-2 forms, 1099 contractors, FICA, gross vs net pay, and IRS regulations updated for 2026.
This paystub generator is a simulation/mockup tool for personal record-keeping and verification purposes only.