💵 Are you just guessing how much to pull from the business account? Stop guessing! This episode breaks down the Owner's Draw—the simple, correct way to pay yourself as a small business owner, keeping your finances clean and your conscience clear.   👋🏽Welcome back, family! This is one of the most common questions I get: "How do I actually pay myself?" It's tempting to treat your business bank account like an ATM, but that quick swipe can lead to chaos. Today, we're diving into the simplest, most common method for most solo entrepreneurs: the Owner's Draw. We'll use a lighthearted story to show you how a lack of structure in owner's compensation leads to financial confusion. We will keep this light, but we need to hit two critical points: How the Owner's Draw works for most LLC owners. The one big difference if your business is taxed as an S-Corp. Learn this simple method, and you'll solve the #1 habit that keeps your personal and business money mixed! In this episode, we’re covering: The ATM Misunderstanding: The chaos that comes from paying yourself inconsistently. Owner's Draw Defined: The simple, clean transfer method for most LLC owner draw setups. The S-Corp Flag: Why this structure is the exception and requires W-2 payroll. Ready to simplify your owner's compensation? Let's dive in! Ready to move from chaos to financial clarity? Join the inner circle and never miss a step. Get the Weekly Faith-to-Finance Action Plan delivered straight to your inbox! [Join the Email List Here: https://bit.ly/ggracepodcast] If you're looking for guidance right now, start with my free resource. Download my free e-book: "Chaos to Cha-Ching Ebook." It’s a gift to help you simplify your small business finances today. Download the Free Ebook Here: