You follow whatever the LLC Agreement says.If the LLC Agreement says that distributions are based on percentage of capital contributed, that should be the way that distributions are made.If you have to recalculate the tax capital account to figure out distributions, there is likely 1-2 hour of an accountant's time(likely billed) to come up with what needs to be distributed.However, at the end of the day, for things to be above board, the transactions have to have economic substance so they would need to follow the capital accounts.

However if you reply does no answer any of the question I asked, then you are only promoting a lack of substance to the BP community.

They serve veteran women who deal w/ substance abuse and homelessness.

I hope I worded that correctly.You’re worried about form, not substance.

Account Closed, your forgot the folks with substance abuse problems and gambling addictions, and of course those who are really terrible landlords. 

Depending on your strategy and goals, maybe this structure can help you.It sounds to me like there would be no economic substance in paying yourself rent other than to lower your tax bill.

He thinks the IRS would not fight this in court because they might lose a la the "substance over form" doctrine similar to how they got "crushed" recently in the Sumo-Holdings case.

I am a man of substance, of flesh and bone, fiber and liquids -- and I might even be said to possess a mind.

My husband owns a non-profit called All The Way Well which helps people suffering from substance use disorder/mental health and it sounds like something that would be right up your alley.

Of course tenant attorney says there is no cause, tenant pays and there is no merit to the termination.Termination letter served (sent by PM 90 days prior that puts end date at 2/29/2024) is based on a lease paragraph stating tenant did not abide by lease regarding “agrees no drugs or other illegal substances will be used, manufactured, sold, or distributed, on, or from the property.”