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PAYMENTS TO CORPORATE OFFICERS
- http://www.edd.ca.gov/pdf_pub_ctr/de231pc.pdf
- A corporate offcer loaned money to the corporation. The corporate offcer raised the money through personal loans from banks. The pre-incorporation agreement called for the corporation to assume the liability owed the corporate offcer. The corporation’s board of directors passed a resolution affrming all liabilities. The corporation was repaying the corporate offcer. These payments were held to be …
Lending Money to Your Corporation Advisors to the Ultra ...
- https://groco.com/readingroom/bus-lendingmoney/
- If a bank or individual will not make a loan directly your corporation, you can use a “back-to-back” loan. Back-to-back loans are an option for lenders of corporations if the lender wants personal guarantees in loaning money. In a back-to-back loan, the lender will make a loan to the shareholders who will then make a loan to the corporation.
C Corporation loans to officer for business purpose - Ask ...
- http://www.asktaxguru.com/850-c-corporation-loans-to-officer-business-purpose.html
- Jan 21, 2009 · When a Corporation lends monies to its officer, the monies lent to the Officer is really booked as an Officer Loan receiveable. This loan must have a stated interest rate, a repayment schedule, that is an intent for the officer to repay this loan and the loan must be approved by the Board of Directors in the Minutes of the Board meetings.
Borrowing From Your Corporation
- http://deanpaley.com/borrowing-from-your-corporation/
- May 30, 2012 · I f you have a business corporation, your income will normally consist of salary or dividends. However, given the right circumstances, your corporation may be able to lend you money tax-free. There are some things that you need to be aware of.Estimated Reading Time: 3 mins
Borrowing Money From Your Own Corporation
- https://www.upcounsel.com/borrowing-money-from-your-own-corporation
- Nov 02, 2020 · The first step in borrowing money from your corporation is to record the amount in your books as a shareholder loan. A shareholder loan must be paid back within a year of the corporation's year-end. Otherwise, the money will be added to your personal taxable income, meaning you'll have to include it when filing your taxes.
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