<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/06573afc-b485-428b-9561-9f5bb97c7ff5/1688B8FB-E0DC-4046-ACE3-599A7932A9D8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html" href="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html" style="font-size: 11px;">accountinghelpdesk.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html"><H3 class="post-title"> <A href="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html" linkindex="1" set="yes">Company Loans to Business Owners</A> </H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html"><DIV>Here's another article relevant to this blog from BottomLineSecrets. It discusses options that business owners have to get their hands on cash with tips on how to structure it for tax purposes. This article was titled and written by:</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html"><P class="sub-head">DEFEND AGAINST DIVIDENDS</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html"><P>Avoid simply transferring funds from the company’s bank account to your own, making a mental note that this is a loan.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html"><P><STRONG><EM>Trap:</EM></STRONG> If the IRS examines your personal or business records, the transfer might be considered a dividend.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html"><P><STRONG><EM>Strategy:</EM></STRONG> Any loan between a company and an employee (especially if the employee is a shareholder) should be formalized.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html"><P>The loan document should state an interest rate, repayment terms, and procedures to be followed in case of default. If you’re the borrower, adhere to the terms of the loan.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/06/company-loans-to-business-owners.html">Make a note to the effect that a loan is being made to a corporate executive to relieve personal financial pressures and thus facilitate performance of business-related responsibilities.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1688B8FB-E0DC-4046-ACE3-599A7932A9D8/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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