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CORPORATE LOANS TO OFFICERS, DIRECTORS AND …

    https://www.jstor.org/stable/40683336
    CORPORATE LOANS TO OFFICERS, DIRECTORS AND SHAREHOLDERS By JOHN F. RICH* There are in effect today some twenty-seven state statutes1 regulating loans to officers, directors or shareholders of business cor-porations. Such legislation must be regarded as the principal deterrent to a dissipation of corporate assets through loans to "insiders". Common Law Rule

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.

IRS Treatment of Loans to Officer/Shareholder – Taxes

    https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/
    Commissioner T.C. Memo 1993-444 (1993) conclusively held that the officer/shareholder bears the burden of demonstrating that amounts received from the corporation are indeed loan proceeds, rather than taxable compensation for services provided. The court outlined certain conditions beneficial for the taxpayer to demonstrate in order for the funds to be treated as a loan, including (1) the existence of corporate records indicating that the corporation …

PAYMENTS TO CORPORATE OFFICERS

    https://www.edd.ca.gov/pdf_pub_ctr/de231pc.pdf
    Loans . 1. A pre-incorporation agreement exists calling for assumption of the liability owed to a corporate offcer by the predecessor corporation to be paid by the successor corporation. 2. The loan was acknowledged in the Articles of Incorporation. 3. The loan was recorded in the corporate minutes. 4. There exists a corporate resolution stating that the

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.

S Corporation Employees, Shareholders and Corporate Officers

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers
    Mar 16, 2021 · Purported “loans” from S corporation to its sole shareholder, officer, and director, were wages for purposes of FICA and FUTA taxes. The loans were unsecured demand notes bearing no interest, loans were made entirely at the discretion of shareholder, and the shareholder regularly performed substantial, valuable services for taxpayer.

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

    https://www.kmm.com/articles-227.html
    Aug 26, 2002 · Publicly-Held Companies Are Prohibited From Making Loans To Corporate Officers And Directors, According To The Sarbanes-Oxley Act Of 2002

California's Ban On Loans To Directors And Officers

    https://www.calcorporatelaw.com/2016/09/californias-ban-on-loans-to-directors-and-officers
    Sep 27, 2016 · Any loan or guaranty made by a corporation that makes loans or guarantees in the ordinary course of its business if statutes or regulations pertaining to the corporation expressly regulate the making by the corporation of loans to its officers or directors or guarantees of the obligations of officers or directors.

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