@visionhomesoklah It depends on what type of business it is.
If it is a Sole Proprietorship, you don't. Just do Equity draws instead. If you end up with negative Equity, either the owner is living loan-to-mouth, or something's gone terribly wrong.
If it is a Single Member LLC, you would do it pretty much like every other employee. Obviously it'd be sporadic, but I'd probably just go with whatever pay period most closely aligns with the frequency you do know. If the owner takes about one paycheck per month, go with Monthly pay periods for them. If more frequently than that, go Semimonthly or Biweekly. For ease of calculation, I'd go with the Bonus payroll item; it should allow you to reverse calculate what their gross pay should be based on the final amount they want to be paid.
If it's an S-Corp, they're required to receive regular paychecks and you should sit them down and explain that to them.
If it's a Partnership, they can't be on payroll and you should treat it as Equity withdrawals instead. Keep in mind that draws above and beyond their equity in the company could come back to bite them, income-tax wise.
