There’s not a one-size-fits-all formula for calculating your take-home pay. You can calculate your owner’s draw or salary percentage rate based on your company’s overhead expenses and cash flow projections, as well as your business’s needs. For example, you might want to set aside extra earnings to cover an expansion or new equipment, therefore taking a little less in your own salary.
If you’re starting a business, you’ll also want to account for startup business expenses, such as registering your business, licenses and permits, insurance and more.