You need a tax accountant.

S-corps do not have owners  in the traditional sense, they are shareholders and must be on payroll if they work in the company.

That said, shareholders do not take out funds, the company is required to have a shareholder meeting and document the approval for dividends and distributions.  Non-dividend distributions reduce shareholder value, if you issue a distribution is excess of the shareholder value, that excess is subject to capital gains tax personally.  So the shareholder value does not decease below zero.

All that said, I am not a tax accountant, and the above is my understanding of how it works.

Your s-corp needs, needs to work with a tax accountant