PDA

View Full Version : Giving personal loan to S-Corp



rubenhak
12-02-2015, 07:39 PM
hi Everybody,

I own an S-Corp which produces very little revenue. It is not enough to even sustain minimal bank balance. I want to give a loan to the S-Corp from my personal account. Hope that one day the S-Corp will have some income and it will return the loan. What is the right way to do to avoid taxation? My personal as well as the S-Corp funds are in Bank of America. Should I just write a personal check and deposit to the corporate account? How should I indicate that this deposit is a loan and not a revenue from sales, etc?

Thanks in advance for the feedback!

Thanks,
Ruben

saarthi khare
12-08-2015, 08:55 AM
hi
this is most important.

bizcapmart1
12-08-2015, 03:18 PM
Hi Ruben, I'm not a CPA but giving your own funds to a SCORP can be classified as beginning or opening equity which isn't taxable. Good luck!

Malik Suleman
12-23-2015, 12:09 AM
hi
this is most important.

agree with you

raviseo1
11-01-2019, 12:16 PM
Thanks for sharing with us
http://www.drdeepashuneurosurgeon.in/blog/spine-surgery-surgeon-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/spine-surgeon-specialist-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/back-ache-paralysis-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/cervical-disc-pain-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/brain-tumor-treatment-in-jalandhar-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/head-pain-treatment-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/back-ache-treatment-in-jalandhar-haryana/
http://www.drdeepashuneurosurgeon.in/blog/spine-neuro-surgery-hospital-in-jalandhar-himachal-jammu-kashmir/
http://www.drdeepashuneurosurgeon.in/blog/best-spine-specialist-doctor-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in/blog/neurosurgeon-spine-pain-tumor-in-punjab-haryana/
http://www.drdeepashuneurosurgeon.in

speeduser
12-23-2020, 01:43 AM
I guess the loan office might be able to explain to you what is needed. It is really not that complicated. - Paul Savramis (http://oceans2003.org/paul-savramis/)

KENZAdvertising2
12-23-2020, 02:05 AM
Marketing is all about getting in touch with potential customers for your business. Digital marketing agency Pakistan's always been crucial for any business to thrive; however, in an age of the web, businesses are inclined to digital marketing as compared to the offline one. This is often because more and more people are using the web and with this people's approach towards buying and selling is additionally changing. Digital agencies in Pakistan In other words, consumers prefer digital means to shop for or sell something.