Talk to your accountant. I was told by mine as an LLC I would be taxed twice on the money if I were to issue myself a paycheck.
My first full legitimate year in business I did not know about paying quarterly taxes. And of course I did not put aside the money to pay them in full, I was young. I got slammed and it took me a few years to catch up. Each year what you have to put aside each quarter is determined by your year before revenue. One year some sometime back I made much, much more than the year before and I did not put aside enough in quarterly taxes. Once again I got slammed at the end of the year. It took me a couple of years to catch up again. Paying double tax payments sucks! Anyway I highly recommend that you get an accountant and and make sure you are on top of what you need to be putting aside for taxes. It takes some discipline to put that money aside. At least it did for me.
I also highly recommend that those that are sole proprietors look into becoming an LLC or incorporating to get that liability off themselves personally. The last thing you want is to be accused of scratching mucho bucks worth of glass or whatever, get sued, and they take your personal assets.
Accountants are expensive, but worth it in my opinion.