Legally Legit® Podcast
Creative entrepreneur? Service-based business owner? Need legal and business advice that actually makes sense? That’s where the Legally Legit® Podcast (formerly The Legal Paige® Podcast) comes in! Hosted by Paige Griffith, J.D., founder of The Legal Paige®, this show simplifies the legal side of running a business, giving you practical, no-fluff advice on contracts, client disputes, intellectual property, and more. Expect expert guidance, real-life business lessons, and candid conversations. Plus, she keeps it real about what it’s like juggling entrepreneurship and motherhood. Tune in, take notes, and let’s get your business legally legit®!
Legally Legit® Podcast
190. Sole Proprietor, LLC or S-Corp? How to Pay Yourself the Legal Way
On this week's episode of the Legally Legit® Podcast (formerly The Legal Paige® Podcast), as an entrepreneur, knowing how to legally pay yourself is one of the most important parts of running a successful business. In this episode, I’m breaking down everything you need to know about paying yourself, whether you operate as a sole proprietorship, LLC, or S-Corp.
You’ll learn WHY separating your business and personal finances is non-negotiable, HOW to handle client payments correctly, and the key steps to avoiding common legal pitfalls when paying yourself as a business owner. It’s packed with actionable advice to help you confidently navigate the process.
What You’ll Learn in This Episode:
- How to legally pay yourself as a sole proprietor, LLC owner, or S-Corp owner.
- The differences between an owner’s draw and payroll and when to use each.
- Why separating your business and personal finances is critical for legal compliance.
- How to properly handle client payments to avoid financial and legal trouble.
- Tax implications of paying yourself and what to prepare for as your business grows.
*NOTE: This is a re-air of Episode 159: Here's How To LEGALLY Pay Yourself As an Entrepreneur
Links and Resources:
Visit The Legal Paige for contract templates, blogs, and additional legal resources, and follow me on Instagram: https://thelegalpaige.com/
Need 1:1 legal support for your business? https://griffithsuazolaw.com/
Join the TLP Facebook Community, a safe space to ask any questions related to the law or your business: https://tlpfacebook.com/