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A lot of people here have already given some “if, then” specific statements, so I’ll make that part brief: If your business is organized as a C-corp (which I assume, because you have “excess cash”—otherwise it would be in your personal bank account), then you have already paid corporate taxes on it, and you just need to worry about paying personal taxes on anything you take out.
My specific recommendation is that you don’t take a lump-sum out of the business. Instead, increase your salary, but keep it at a reasonable level, so you can deduct higher salary expense against future business income (and potentially decrease the excess cash).
My general recommendation is that you reinvest in the business—that is the power of corporations. You just keep pulling a nice little salary, but reinvest business income in equipment, employees, etc… You can even lease office space from your personally owned building(s) and build up a real estate empire that way.
Finally, a little excess cash isn’t necessarily a bad thing. Warren Buffet keeps something like $20 Billion in cash, because he wants to be “nimble” and have the ability to move on an opportunity when it arises. Having a nice cash balance will prepare you for both opportunities and rainy days.
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