Thank you for your explanation with precise tax concepts and understanding. 

Based on your input, here is my updated summary:

Retained earning is part of equity but after paying tax. (it can be cash or property) 

for LLC, transfer retained earning to personal, it is called owner's draw

for S corp, tansfer retained earning to personal, it is called shareholder's distribution 

for C corp, transfer reained earning to personal, it is called dividend issued by company through 1099div