How to Pay Yourself as an LLC in 2026

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Starting an LLC and generating income is one milestone; learning how to pay yourself correctly from your LLC the right way is a completely different challenge. If you don’t handle owner payments correctly, it can lead to serious issues for your LLC. That’s why every LLC owner should understand the right way to pay themselves in 2026.

In this video, tax strategist Karlton Dennis breaks down the exact process of paying yourself from your LLC. His guidance is highly valuable for business owners who want to avoid the costly mistake of mixing personal and business finances. There are several important steps you must follow when moving money from your LLC.

Karlton carefully explains how to transfer funds from your LLC into your personal account once the business begins producing income. Executing these steps the right way is crucial to prevent errors that could create compliance problems down the road. This video is a must-watch resource for anyone operating an LLC in 2026.

CHAPTERS:
0:00 Intro
0:24 Owner’s Draws
1:19 Step 1: Get an EIN
1:41 Step 2: Open a Business Bank Account
2:08 Step 3: Take Your Owner’s Draw
2:54 Owner's Draw Example
3:39 A Word of Caution
4:51 Other Tax Considerations for LLC Owners
6:01 Limited Liability
7:34 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

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