I am the owner of a single member LLC. I usually to a draw (check) monthly from the company as pay. However i have a money left in the company account that is my Net Income. I want to take a draw for this remaining that is still in the company account but do not want it to show as income / draw for the current year (2020).
You can take a draw when ever you wish, taking a draw has nothing to do with current year profit or loss. It is your money, take it or leave it in the business, makes no real difference.
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