The way you pay out your self as an operator will likely have an effect on your federal taxes. Take a look at our guidebook to learn more about how to pay for your self in an LLC. A sole proprietor Individually owns a business and all its assets. There https://info.undp.org/docs/dao/UNSP2015/Lists/PostSurvey/Item/displayifs.aspx?List=6e146e50%2De299%2D46da%2Da20e%2Db9e885dace29&ID=49368&Web=0a7379ca%2D8b4c%2D4fee%2Da0d5%2D865c93b7e2bc