If you’re a sole proprietor with no employees and very little business overhead, what you pay yourself is pretty much what you earn in sales minus your costs and taxes. But what happens when your business grows, or you enter a partnership, or take on employees? Here are a few tips to help you determine the best way to "pay the boss.
5 Tips for Setting Your Salary as Business Owner
Posted by SBA.gov under ManagementFrom http://www.sba.gov 4426 days ago
Made Hot by: Small Business Tribe on March 24, 2012 2:40 am
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“Rachel: Great to hear! Thanks for your kind words! :)
All the Best,
Martin...”
“Thank you, Martin. That's a fantastic motto... and I couldn't agree more!...”
“Lisa: Good to hear! Thanks for your response....”
“For sure, I know I did years ago when I was working for others....”
“Lisa: I wonder if they potential employee is doing a background check on...”
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4422 days ago
I think this a question that haunts every entrepreneur, perhaps especially in the early days. How much should you take out of your business? How much should you reinvest in your business? Should you do a salary or owners draw? Thanks for the post and for contributing to BizSugar.