How to Set Up Payroll for Beginners 2026 - Full LLC/S Corp Tutorial! (Step-by-Step)

👉 Gusto Payroll (my favorite payroll software): https://gusto.pxf.io/charlie ^use this exclusive link to get a free account and the best discount available! 🌎 Use my recruiting company Paired to hire top talent overseas and save 90% on your payroll (you can hire people for as low as $5/hour): https://www.paired.so   In this video, I'll show you how to run payroll affordably for your business step by step, whether you're paying yourself as an owner or managing employees and contractors within your business. I've been running payroll for my businesses that employ over 80 people right now, and I've used a ton of great tools and a ton of bad ones too to know which ones work. This video is exactly what I wish I had when I was starting out, because honestly, most business owners waste a ton of money trying to figure out which platform works best for their situation. Depending on if you have an S Corp, LLC with S Corp Election, Single member LLC, sole proprietorship, or C Corp, this video will show you the correct way to run payroll and pay yourself and your team.   I also use Deel to handle contracts and payments for international contractors (up to $1500 in credits when you use this link): https://bit.ly/deelpayroll   Free Business Consultation Guide for new business owners here: https://bit.ly/llc-guide-2026   ► Get access to my FREE side hustle courses: https://www.sidehustlemastery.com ► Join my FREE newsletter: https://buildabetterbusiness.co/subscribe   Be sure to watch this video until the end, because I'll show you how to set up payroll using Gusto on my screen, walk you through paying 1099 contractors and international hires, and point out the biggest mistakes I see beginner business owners make. Once you see how easy the actual process is, you'll realize payroll is way more straightforward than it seems. I also cover the W2 payroll setup for yourself and your team, how to pay US-based 1099 contractors, and how to handle overseas team members using tools l