What is a "Draw" (from your LLC)

[Brenda Whittaker]

Trying to form an LLC. I have property now in a revocable living trust. I live off the rents. SO, do I start the LLC as being owned by the trust? Then take the properties out of the trust and put them in the LLC which is owned by the trust? Am I over thinking this? Isnt that a little redundant? Also, since I live off the rents, do I vote myself a salary or do I take a draw every month or so? And what is a draw? Thanks.