Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

53
Posts
6
Votes
Demjan Van Der Kach
  • Investor
  • Phoenix, AZ
6
Votes |
53
Posts

How to make a distribution from LLC correctly?

Demjan Van Der Kach
  • Investor
  • Phoenix, AZ
Posted Sep 13 2016, 23:37

Hi everyone,

I live in Phoenix, Arizona and have a rental that is owned by arizona LLC. I have a good problem - quite a bit of cash is sitting in LLC's business account and I would like to get some of that cash out. I haven't done it ever and don't want to take the money out in a wrong way... wanna follow the right procedure legally et cetera... Do I have to pay myself in order to make a distribution? Should I document it in somehow? Can I just get a chunk of cash out?

Thank you

Loading replies...