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LLC Startup Money Withdraw

I transferred $15K to my LLC when it was created a couple years ago. Now that it is profitable, I would like to receive that money back. Am I entitled to just withdraw this money to pay myself back or what is the best way to withdraw it to avoid potential tax implications? 

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LLC Startup Money Withdraw

Are you the sole member of the LLC?  Has the LLC made an election to be taxed as a corporation?

 

If you are the sole member and the LLC has NOT made an election to be taxed as a corporation, you "disregard" the LLC for income tax purposes and treat it as yourself.  Forget that it exists for income tax purposes.

 

That means you gave yourself $15k and now you want to give yourself back $15k.  That does not affect the tax return.

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