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Dru brings up a lot of good points. On an S corp, I've always been told (I haven't seen rules in it so it may be BS) but you don't want to take equity draws (cash disbarments not through payroll) of more than your salary.
I've always thought about it more in retained earnings. I have an S Corp. and it was damn expensive to retain earnings, hence the s corp. but it's really all balance sheet transactions. Debt service, asset acquisition, equity gains. All is a lot easier to swallow without the burden of SE.
Another thing is you have to watch equity if you take big draws. You can't have negative equity. Well, you can I guess, but don't do it.
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