USA Owner/Shareholder drawing money from C Corp for personal use

Joined
May 12, 2021
Messages
1
Reaction score
0
Country
United States
I'm working with a new c corp, and I'm not sure how to record money drawn out by the (owner) shareholder for personal use. I've seen it can be recorded as W2 employee wages, or perks/bonuses. Are there other options?
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,464
Reaction score
334
Country
United States
Could be a loan to owner. Could be a return of capital or a dividend.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,781
Messages
27,851
Members
21,835
Latest member
livebetterinlasvegas

Latest Threads

Top