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Article Date:
May 2007


Word Count:
603

 

 

Loans to Your Corporation Could Be Hazardous to Your Financial Health


Once you incorporate your business, you no longer engage in that business. The business now belongs to the corporation.1 The corporation engages in the business. You are simply the owner of the corporation.

 

You might work for your corporation. When you work for your corporation, you are an employee of the corporation.

 

Let’s say you own 100% of the corporation. This corporation has operated well for a of years but now is having a little financial difficulty. You need to ... Log in to view full article.

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