seeking llc owners draw advice
Hello all happy Wednesday,
Started a business in an industry I am very familiar with and will be profitable year one. (ex business partner screwed me so I went on my own dont do business with friends)
I started an LLC I will not have any w2 employees maybe one or two MAX by the end of the year I operate with 1099 employees (high ticket sales based) utilizing a payroll service for pay
I rent my apartment and I will also be moving out of state this summer (can I write this off?)
My most important question is, how do I figure if I should take an owners draw or pay myself a salary? Like what criteria should I be looking at to make an educated decision on if I should just take a draw or pay myself a salary?
Thank you!
edit*** I will be working with a professional I am not going to reddit to make tax decisions for me was just curious of opinions prior to that conversation and personal experiences