If I start my own business as a LLC, can I do a personal draw-down from my company bank account to my personal bank account as a salary?

Answer by Wray Rives:

Unless you make an election to have the LLC taxed as a corporation, then you can freely move money between the LLC's bank accounts and your personal accounts any time you wish.  It is not a salary as all the income of the LLC is your personal income and is the basis for the taxes you pay.

If I start my own business as a LLC, can I do a personal draw-down from my company bank account to my personal bank account as a salary?