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Daily Archives: March 25, 2020

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What Is an Owner’s Draw and How Does It Work?

Accounting, EntrepreneurBy balancedbookzMarch 25, 2020Leave a comment

An owner’s draw, usually just called a “draw”, is an amount taken out of money taken out from a sole proprietorship or partnership by the owner for his personal use. It’s called a draw because money is drawn out of the business. What Business Owners Take Draws?  Owners of small businesses typically don’t take a salary because…

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