A single member LLC is a u201cdisregarded entityu201d for tax purposes, unless it elects to be taxed as a S Corp or C Corp. Assuming you havenu2019t made those elections, you are basically going to get a K-1 from the master LLC taxed as an S Corp. Now, this K-1 will come to the LLC.. and constitutes its income.If you elect C or S status, you can and must take a u201creasonable salaryu201d u2023 but if you remain in unelected status, you are basically going to report the K-1 as income, probably self-employment income and thatu2019s it. Thereu2019s no practical or legal way to take a salary from a disregarded entity.