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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.

CORPORATE LOANS TO OFFICERS, DIRECTORS AND …

    https://www.jstor.org/stable/40683336
    ruptcy or a receiver to enforce the statutory liability of officers to creditors for an illegal loan of corporate funds. In Cole v. Brandie, 127 Ν. J. Eq. 31, 11 A. 2d 255 (1940), it was held that the statutory right of action against corporate officers for assenting to a loan to stockholders vested in the corporation for the benefit of its ...

Loans to Officers Sample Clauses: 118 Samples Law Insider

    https://www.lawinsider.com/clause/loans-to-officers
    The corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiaries, including any officer or employee who is a Director of the corporation or its subsidiaries, whenever, in the judgment of the Board of Directors, such loan, guarantee or assistance may reasonably be expected to benefit the corporation.

Publicly-Held Companies Are Prohibited From Making Loans ...

    https://www.kmm.com/articles-227.html
    Aug 26, 2002 · For example, companies that are regularly engaged in the consumer credit business may offer loans to officers and executive directors if certain criteria is met. Such loans must be of a type generally offered and made in the ordinary course of business, on the same terms offered to the public.

IRS Treatment of Loans to Officer/Shareholder – Taxes

    https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/
    In conclusion, whether a transfer from a corporation to an officer/shareholder will be treated as a loan or as compensation determines if amounts received must be included in a taxpayer’s gross income. This determination is made by courts through examinations of the conditions attendant to the transaction.

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