meta_pixel
Tapesearch Logo
Log in
Thrivetime Show | Business School without the BS

What Is the Proper Way to Pay Yourself As the Owner of an LLC | Ask Clay Anything

Thrivetime Show | Business School without the BS

Clay Clark

Entrepreneurship, Business

4.71.5K Ratings

🗓️ 12 January 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

A Thriver asks, “What is the proper way to pay yourself as the owner of an LLC.”

Transcript

Click on a timestamp to play from that location

0:00.0

You have questions America's number one business coach has answers.

0:05.0

It's your Broda from Minnesota.

0:07.0

Here's another edition of Ask Clay Anything on the Thrive Time Business Coach radio show.

0:13.0

All right, Thrive Nation on today's show.

0:20.0

All right, Thrive Nation on today's show,

0:22.0

we're having a conversation with an anonymous member of the Thrive Nation. Mr. Anonymous, how are you, sir?

0:27.0

Dude, fine, how are you? I'm doing well. Now, we had a meeting this week, and in the meeting you were asking me about taxes. We ran out of a little bit of time

0:34.6

there so I wanted to call you and answer your question so can you kind of tee up your

0:38.2

question again and we I won't mention any part of your identity, so we are a partnership and my partner and I have yet to be paid for five months now.

0:48.8

Oh yeah.

0:49.8

We're just doing our, you know, our own thing on the side to make money, but

0:53.2

started from the bottom, now you're here.

0:55.0

There you are.

0:55.8

We're getting there, we're getting there.

0:57.0

And so we're wanting to see how we exactly go about paying ourselves

1:01.7

tax-wise.

1:02.8

Yes.

1:03.8

Okay so I'm gonna walk you through this and there will be every time I give you advice

1:10.0

there will be somebody who is going to push back and say that what I'm telling you is wrong.

1:17.4

So first off, what I want to do is I want to commit to being on one side of the, you know

1:20.8

like there's discussions where there's like liberals and

1:23.2

conservatives I am the most conservative tax guy you're probably gonna talk to

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Clay Clark, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clay Clark and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.