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re: C-Corp Help
Posted on 8/5/13 at 2:27 pm to crazycajun10
Posted on 8/5/13 at 2:27 pm to crazycajun10
I would say pay dividends but that wouldn't work, it would just be at a lesser tax rate.
You could, and I'm not 100% on this, decrease your share of ownership in your corp.
Entry would look something like
DR: Cash 60,0000
CR: Investment(C-Corp) 60,0000
If I remember correctly that's tax free, but I don't know if it works with C-Corps.
You could, and I'm not 100% on this, decrease your share of ownership in your corp.
Entry would look something like
DR: Cash 60,0000
CR: Investment(C-Corp) 60,0000
If I remember correctly that's tax free, but I don't know if it works with C-Corps.
This post was edited on 8/5/13 at 2:28 pm
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