Step 6 of 7
Operate the LLC Properly
Keep finances and records clean, sign in the LLC's name, pay owners correctly and evaluate the available tax elections.
You will understand the core habits that help preserve separation and make the company easier to manage.
What to work through
Four decisions, in a sensible order.
Use these as a checklist while you watch the video and review the stage. Open a separate guide only when you want more detail on that issue.
- 01Fund the LLC correctly
- 02Pay yourself based on tax treatment
- 03Bookkeeping, contracts and signatures
- 04Evaluate an S corporation election
Go deeper when needed
Choose only the guide that fits your situation.
How to fund an LLC
Document the money owners put into the company.
Open guide →How to pay yourselfMatch owner payments to the LLC's tax treatment.
Open guide →Should the LLC elect S corporation tax status?Compare potential employment-tax savings with payroll, reasonable compensation and added compliance.
Open guide →Keep LLC finances separateChoose and use a dedicated business bank account.
Open guide →CONTINUE THE ROADMAP
Next: Protect and maintain the LLC →Ready for the next step?
Educational information. The Roadmap provides general education and does not replace legal, tax or financial advice for your circumstances.