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		<title>LLC profit distribution</title>
		<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
		<description>LLC profit distribution</description>
		<lastBuildDate>Wed, 24 Oct 2012 8:29:57 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[GL, if an LLC member doesn't wit]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
				<description><![CDATA[GL, if an LLC member doesn't withdraw all of the profit which is allocated to such member by the profit-allocation agreement, then the portion of such profit not withdrawn is generally added to the member's capital account. It's the LLC's analog to a co]]></description>
				<pubDate>Wed, 24 Oct 2012 8:29:57 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm#799613</guid>
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				<title><![CDATA[Following the discussion, if mem]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
				<description><![CDATA[Following the discussion, if members decide not to draw profits and amounts are allocated into their capital accounts, would this be considered another investment? Loan to the company? Can members draw from their capital accounts?
Regards
]]></description>
				<pubDate>Wed, 24 Oct 2012 8:29:57 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm#799597</guid>
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				<title><![CDATA[In addition to the postings abov]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
				<description><![CDATA[In addition to the postings above that indicate that taxable income and the amount actually distributed to LLC members are not one in the the same, there may be cases when one member is allowed to take out more than his / her basis.  Basis is what one ]]></description>
				<pubDate>Wed, 24 Oct 2012 8:29:57 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm#763870</guid>
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			<item>
				<title><![CDATA[Good points Ed. There is a diffe]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
				<description><![CDATA[Good points Ed. There is a difference between allocating the profits and losses to the members vs. distributions, i.e., cash payments t the members. The profits and losses must be "allocated" to the members because the LLC is a pass-through entity (and ]]></description>
				<pubDate>Wed, 24 Oct 2012 8:29:57 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm#763867</guid>
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			<item>
				<title><![CDATA[To add on to Kelly’s comments,]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
				<description><![CDATA[To add on to Kelly’s comments, do not confuse the idea of distributing profits and distributi]]></description>
				<pubDate>Wed, 24 Oct 2012 8:29:57 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm#763855</guid>
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			<item>
				<title><![CDATA[ChadNTexas,
The distributions f]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
				<description><![CDATA[ChadNTexas,
The distributions from the LLC will follow the operating agreement. Generally, most LLCs do not distribute all of their profits to the principles/members. They maintain operating capital so that they can continue to operate the busin]]></description>
				<pubDate>Wed, 24 Oct 2012 8:29:57 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm#763849</guid>
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			<item>
				<title><![CDATA[Have a question.  I am forming ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm</link>
				<description><![CDATA[Have a question.  I am forming an LLC for my business.  The question i have is if the LLC can maintain operating capital or do i have to distribute all profits to the principles?   Can it maintain a certain level of operating capital to handle expe]]></description>
				<pubDate>Wed, 24 Oct 2012 8:29:57 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/LLC-profit-distribution.htm#763848</guid>
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