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Is it improper for an officer or director of a private LLC to take a personal loan from an investor in the corporation?
Per NASD and the SEC an act doesn't have to be illegal to be improper. Anytime there can be the insinuation of conflict of interest it is improper. In this case it is improper unless there existed a prior documented relationship that supports the situation of a personal loan between the two.
What else can I help you with?
Can my S Corp pay my personal taxes?
No, an S Corporation cannot directly pay your personal taxes. As an S Corporation owner, you are responsible for paying your personal taxes separately from the business entity.
A way to protect the personal assets of an investor against losing everything if a business fails?
LIMITED LIABILITY
Are bonds real property?
No, bonds are not considered real property; they are financial instruments representing a loan made by an investor to a borrower, typically a corporation or government. Real property refers to land and anything permanently attached to it, such as buildings. Bonds are classified as personal property since they are intangible assets that can be traded or sold.
Advantages and disadvantages of corporation?
Advantages of corporation include protected assets and heightened credibility. Disadvantages include loss of a personal touch, and ongoing expenses.
What are the advantages of forming a corporation for an employee?
Forming a corporation can provide advantages for employees such as limited personal liability, potential tax benefits, and opportunities for stock ownership or profit sharing.
Can the director of a corporation deposit company money into their personal bank account?
They can deposit money into their personal bank account but they shouldn't. It will mix funds and accounting and taxes will be challenging. They can also be accused of wrongdoing.
What does a personal director do?
what isa personnel director?
Can you pay child support through your company corporation in California?
Your personal corporation or one you work for? In either case, it should be possible for child support payments to be diverted from payroll or proceeds for the purpose. If this is not your personal corporation, rather a company you work for, speak with the human resources director where you work for information on having child support deducted and electronically transferred to the child support agency in your area.
Can a personal garnishment be placed against a corporation if you are an officer of that corporation?
No.
Why to have corporation?
A corporation shields one from personal liability. A corporation can keep ownership confidential. A corporation may have income tax advantages.
Can a personal garnishment be placed against a corporation?
No.
Can my S Corp pay my personal taxes?
No, an S Corporation cannot directly pay your personal taxes. As an S Corporation owner, you are responsible for paying your personal taxes separately from the business entity.
Reflects an improper practice for protecting personal information?
Send personal information to everone who you believeneeds to know
A way to protect the personal assets of an investor against losing everything if a business fails?
LIMITED LIABILITY
How does a personal bankruptcy of one of the officers affect a corporation?
Not at all.
The main advantage of a corporation is that it?
.limits personal risks for investors::
What if you file chapter 7 will you still owe creditors if you have a corporation?
To the extent of your personal guarantee for the corporate debt, or if both you and the corporation borrowed the money, you will not owe anything if the debts are discharged in your personal chapter 7. If the corporation has any assets, it will be subject to lawsuits and attachments by the creditors. You should discuss the situation with an experienced bankruptcy attorney, as it may be better to wind up the corporation before filing a personal bankruptcy.
