How do you pay yourself

[Jackie F.]

How does everyone pay yourself.. Do you pay yourself a "salary" or do you just take whatever is left after expenses and taxes as "profit" and thats yours to pay your bills and live your life? 

Also as an LLC or LLC "s-corp" is there a certain way you have to pay yourself from a government standpoint.. Like do you need To have any special forms like 1099 or W-2.. basically what do you file each year, do you go to your CPA and they give you the forms to file or does the government send you some form..

Ive only ever been a w-2 employee or 1099 with network marketing and the forms were just sent to me by jan 31 each year.. so I am trying to know what to expect as a business owner at tax time..