Business & farm

If the LLC is a sole-member disregarded entity, the answer is no.  The sole member is filing on Schedule C, and a sole proprietor is not allowed to take a salary or make a guaranteed payment like a Partnership may.  This is one of the reasons why an LLC is called a "disregarded entity" by the IRS, because although you may be running the business like a corporation, for example, in the IRS' eyes the title LLC means nothing taxwise.  The business is still a sole proprietorship by default and is therefore taxed as a sole proprietorship.

But if you the LLC is earning that type of income, there is an option:  make an election to be taxed as an S-Corp.  Having an LLC structure does allow this by filing Form 2553.  In that structure, the corporation pays the "Sole Shareholder" what the IRS calls reasonable compensation, which are wages paid and reported on Form W2 with payroll taxes withheld and paid.  Above the reasonable salary, any earnings by the corporation are "passed through" to the sole shareholder, and claimed on the shareholder's personal tax return.  That income that is passed through is not subject to Social Security and Medicare (FICA) tax, and also might qualify for the Section 199A QBI deduction, as discussed in this Help Article:  What is the Qualified Business Income (QBI) deduction?

There are other factors to consider as well before making the election (note:  this is a taxing election and not a legal entity change, but in any questions of doubt, consult an attorney for legal advice).  Chances are strong, however, that if your "cleared income" from your LLC is close to what is stated in the example you provide, an S-Corp election might be right for you.

And in that structure you are also able to do what you ask about in your question:  keep the money in the business.  When you do take any money out (that has already been reported as pass-through income on the personal tax return), this is called a distribution and is generally non-taxable (since it has already been taxed).