r/startups•
essdotc

Succesful solo-founders and their salary

General Startup Discussion

[removed]

Posted Jun 25, 2021, 4:20 PM UTC

22
IntiLive•

If you're a solo founder, you decide. Some leave everything in the business, some take out a set amount each month, some take some out whenever they need it. Go with what fits your personal / financial situation and preferences.

Edit: of course discuss with investors if you have any and take business needs into account.

1
essdotcOP•

Great response, thanks.

I suppose because there is so much flexibility afforded people don't see the need to talk about it as there is no set rule.

How you decide to take money out may have tax implications though.

2