Well, sort of, since it is all reflective of your equity, but closing profit to <owner equity> and keeping the draw separate, but closing it to <owner equity> will give you a much clearer picture of the health of the business, not to mention you may need to include your equity stake in an annual tax return

Keep <owner equity> as the overall equity account and I suggest only posting to it on an initial or annual basis. Add a <owner contribution> account if you want to keep draw in and out separate but in reality since the LLC passes through everything the draw is tantamount to an advance against year end profit pass through and a negative draw (money put back in) works just fine (and my tax accountant signs off)