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Updated almost 17 years ago on . Most recent reply

User Stats

91
Posts
2
Votes
Dan Miller
  • Washington, Washington D.C.
2
Votes |
91
Posts

Piercing the corporate veil

Dan Miller
  • Washington, Washington D.C.
Posted

If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?

Are there general rules around keeping personal and business activities separate that I want to be sure I don't violate? My main question, though, is how, as a newbie investor with a deal here and there, I actually personally receive the profits from my LLC while still maintaining the asset protection of the LLC.

Thanks!

Dan

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