So there's an arbitrary line between the business' bank account and our join personal checking account, and whenever money is transferred from the business account to the personal account, it is a distribution. Is that correct? For some reason I thought that, because we are a pass-through entity, all profit was considered to be distribution no matter what account it happens to sit in.
I guess that's not the case?
If not, then our combined draw would most easily be calculated as: beginning balance + net profit - ending balance.
