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One-Class-of-Stock Rule

Business Owners — Taking Money Out of a Business

August 23, 2019 by John Sanchez

Business Owners — Taking Money Out of a Business

[siteorigin_widget class="WP_Widget_Media_Image"][/siteorigin_widget] When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the business entity. Business owners should follow the advice of a tax professional to make sure financial transactions are controlled and do not cause unanticipated taxation or other negative effects. For example, a shareholder of a corporation can make a loan to the corporation, and subsequent … [Read more...] about Business Owners — Taking Money Out of a Business

Filed Under: Business Tagged With: Dividends, Guaranteed Payments, Limited Liability Companies (LLCs), Loans, One-Class-of-Stock Rule

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