Legal Question in Business Law in Pennsylvania
Getting money from Capital Account of LLC
Can I demand payment of monies in my capital account from an LLC that I am 33% owner?
Asked on 9/11/07, 11:33 am
1 Answer from Attorneys
Daniel Pepper
Pepper Law Group, LLC
Re: Getting money from Capital Account of LLC
Typically withdrawals from LLC member capital accounts are addressed in the LLC's operating agreement. The usual scenario is that withdrawals are not authorized unless specifically set forth in the operating agreement.
Answered on 9/11/07, 11:39 am
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