How to Pay Yourself as an LLC in 2026 (Step-By-Step Guide)

Ready to form your LLC? Northwest Registered Agent is a popular option — get started here: 👉 https://joshburnstech.link/northwest (affiliate link) Looking for a Business Bank Account? Bluevine is a solid option for LLCs and S-Corps — you can check it out here: 👉 https://www.bluevine.com/partner/josh-burns-tech (affiliate link) Learn exactly how to pay yourself as an LLC in 2026—the complete step-by-step process for owner's draws, avoiding IRS issues, and staying compliant. Perfect for new LLC owners who want to pay themselves correctly without legal or tax problems. In this video, you'll learn: ✅ How to pay yourself as an LLC using owner's draws ✅ The 3-step process: EIN, business bank account, and documentation ✅ Critical mistakes that cost LLC owners thousands ✅ When to consider S-corp election for tax savings ✅ How to protect your liability shield Whether you just formed your LLC or you've been wondering "how do I pay myself as an LLC owner?"—this video has everything you need to know about paying yourself from your LLC in 2026. *AFFILIATE DISCLOSURE* Some of the links in this description are affiliate links. If you purchase through them, I earn a commission at no extra cost to you. Using these links helps support my channel and the effort I put into creating these free videos. Thanks so much for your support! :) *QUICK LINKS AND RESOURCES* - I’ve used Collective for 2+ years to manage my S-Corp — get your first 2 months free ($349/mo — $698 total value): 👉 https://share.collective.com/joshburnstech Code (if needed): JOSHBURNSTECH 👉 Honest review: https://www.youtube.com/watch?v=4Fwg_sedq9w - Apply for EIN (Free from IRS): 👉 https://www.irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number *CHAPTER TIMES* ⏱ 0:00 - Introduction & What You Need to Know First 1:03 - The Owner’s Draw 2:22 - Step 1: Get an EIN 3:05 - Step 2: Open a Business Bank Account 3:53 - Step 3: Take Your Owner’s Draw 5:57 - Owner's Draw Example 7:26 - Critical Mistakes To Avoid 10:00 - Tax Considerations for LLC Owners 11:35 - Limited Liability Protection 13:12 - When to Consider S-Corp Election *CONNECT WITH ME* - Twitter: https://twitter.com/joshburnstech - Instagram: https://instagram.com/joshburnstech - LinkedIn: https://www.linkedin.com/in/joshua-burns-44786365/ *LEGAL DISCLAIMER* I’m not a CPA, tax professional, or attorney. I’m a small business owner sharing my personal experience. This content is for educational purposes only and should not be considered legal, tax, or financial advice. Every situation is different, so I recommend consulting with a qualified CPA or attorney for guidance specific to your situation. #llc #taxstrategy #ownersdraw