If I own a corporation, and I want to take $100k out of the business...
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Accounting
If I own a corporation, and I want to take $100k out of the business but still want a deduction for the payment, how would you advise me to take the $100k out? As a Loan As Officer Compensation (Wages) As a tax free distribution As a Dividend If I want to compensate shareholders of the corporation without paying wages, how you would advise me to pay the shareholders? Assume the Corporation has sufficient Earnings and Profits. Tax Free Distributions Pay Wages Pay Dividends Make Loans to the Shareholders You will generate a Net Operating Loss if your expenses are greater than your income. True False
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