Article Date:
June 2011


Word Count:
519

 

 

Don’t Use Your Corporation as Your Personal Piggy Bank


If you operate your business as a corporation, the corporation is a separate legal entity. Think of it as a third-party person.

 

If you loaned money to a third-party person, what would you want in return?

 

That’s a question that John D. and Kathleen K. Rowell failed to answer in their dealings with their separately owned corporations, and it caused big trouble and expense.

 

Three Cases Rolled into One Case

 

For purposes of this trial, the court consolidated the following three cases:

 

1.

The federal income ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Password


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee
Clicky