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Loans to Officers Sample Clauses: 118 Samples Law Insider

    https://www.lawinsider.com/clause/loans-to-officers
    The corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiaries, including any officer or employee who is a Director of the corporation or its subsidiaries, whenever, in the judgment of the Board of Directors, such loan, guarantee or assistance may reasonably be expected to benefit the corporation.

IRS Treatment of Loans to Officer/Shareholder – Taxes

    https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/
    In conclusion, whether a transfer from a corporation to an officer/shareholder will be treated as a loan or as compensation determines if amounts received must be included in a taxpayer’s gross income. This determination is made by courts through examinations of the conditions attendant to the transaction.

C Corporation loans to officer for business purpose - Ask ...

    http://www.asktaxguru.com/850-c-corporation-loans-to-officer-business-purpose.html
    Jan 21, 2009 · When a Corporation lends monies to its officer, the monies lent to the Officer is really booked as an Officer Loan receiveable. This loan must have a stated interest rate, a repayment schedule, that is an intent for the officer to repay this loan and the loan must be approved by the Board of Directors in the Minutes of the Board meetings.

CORPORATE LOANS TO OFFICERS, DIRECTORS AND …

    https://www.jstor.org/stable/40683336
    ruptcy or a receiver to enforce the statutory liability of officers to creditors for an illegal loan of corporate funds. In Cole v. Brandie, 127 Ν. J. Eq. 31, 11 A. 2d 255 (1940), it was held that the statutory right of action against corporate officers for assenting to a loan to stockholders vested in the corporation for the benefit of its ...

PAYMENTS TO CORPORATE OFFICERS

    https://www.edd.ca.gov/pdf_pub_ctr/de231pc.pdf
    A pre-incorporation agreement exists calling for assumption of the liability owed to a corporate offcer by the predecessor corporation to be paid by the successor corporation. The loan was acknowledged in the Articles of Incorporation. The loan was recorded in the corporate minutes.

S Corporation Employees, Shareholders and Corporate Officers

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers
    Mar 16, 2021 · Purported “loans” from S corporation to its sole shareholder, officer, and director, were wages for purposes of FICA and FUTA taxes. The loans were unsecured demand notes bearing no interest, loans were made entirely at the discretion of shareholder, and the shareholder regularly performed substantial, valuable services for taxpayer.

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