Let's say an LLC has two owners and it makes 300k a year in profit. The owners each pay themselves a (reasonable) 150k salary each year, leaving the assets of the LLC itself 0.
In the event the LLC is sued, can a court pierce the corporate veil and go after the salaries that the owners paid themselves? If I understand correctly, it would have to justify that by saying the owners used the LLC as their personal bank account, with the intent to shield the money from lawsuits. But in this case the salaries are reasonable amounts, so how can the court prove illegal intent? In general, is there a maximum salary the owners can collect from an LLC before it's considered as 'shielding funds'?
