51 Ways Your Business Can Pay You

Young trendy businessman holding a bulb and thinking about business, money, projects.With a tremendous number of tax favored ways your company can pay you, you’ll want to decide which ones help your family and business the most. Best news, you can make changes that fit your changing lifestyle and business, adding selections as your family and business grow.

  1. Paycheck / Owner Draw / Salary – Okay, this is obvious.
  2. Business use of your home tax deduction
  3. Rent from the business
  4. Training and education you desire
  5. Travel related to business – that you get to choose
  6. Choosing your own travel modes, timing, and conditions
  7. Extra days traveling paid by business
  8. Travel conditions – that you get to choose
  9. Choosing your favorite meals & entertainment places, foods, and times
  10. Cell phone
  11. Choosing your own equipment brands, tools, and power toys
  12. Lend money to your company
  13. Collect interest from lending
  14. Negotiate favorable terms
  15. Retirement plans paid by company
  16. Flexibility in choosing the best retirement plan for you
  17. Deferred compensation
  18. Welfare benefit fund
  19. Cafeteria plans
  20. Adoption assistance
  21. Dependent care assistance
  22. Education assistance
  23. Distributions on profits
  24. Set up benefit programs you desire such as:
  25. Vision coverage
  26. Dental coverage
  27. Medical coverage
  28. Health savings or flexible spending accounts
  29. Business working conditions – that you get to choose
  30. Business partnerships –  that you get to choose
  31. Auto provided for your use – that you get to choose
  32. Parking & parking passes
  33. Family on payroll instead of hand outs
  34. Building emergency reserves
  35. Building expansion reserves
  36. Certain meals for business, family, friends, & prospects
  37. Benefits that can be excluded to executives
  38. Athletic facilities
  39. Meals for business convenience
  40. Lodging for business convenience
  41. Additional health plan coverage
  42. Family peace of mind
  43. Life Insurance
  44. LTC Insurance
  45. Disability Insurance
  46. Key man Insurance
  47. When selling your company – you get to choose when & how
  48. Golden parachute on company sale
  49. Working part time & flexible scheduling after company sale
  50. Goodwill throughout your community
  51. Control over your own destiny – Priceless!

Every business is different and every family is unique. Sit down with Merra Lee’s team and see what makes sense for you and your business today.

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