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 […]

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I am a lawyer; how do I pay myself through LLC?