Owner Draws for an LLC that's Closing

For my LLC, all equity in the company has been from my personal banking as Owner Investments, and business purchases and investments have not yet been processed as an Owner Draw or reimbursed yet. I am planning to close the business this year, but am not sure if I am still able to process the Owner Draws since they were business expenses, or am I just eating the cost of the write offs as personal expenses since the LLC is closing?

posted

Assuming this is a single member LLC then all the money put in or earned is yours. Owner draws are NOT a business expense, you are just taking your own money out.