Go to Jeff Salisbury LWGate Home Page.From: "Melinda Johannes" <mbjohannes@hotmail.com>
Subject: Tax considerations in financing business
Date: Thu, 05 Nov 1998 10:12:46 PST
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I've got the cash necessary for my startup, but am considering different ways to fund my business. I can either pay in the capital, just transfer the cash from my personal accounts to the business books in exchange for owner equity, or I can loan the S corp the cash, in which case the business can take a write off for the interest expense, and I'll claim interest income on my personal return, right? What other considerations are there in determining whether to loan or "give" my new business capital? Thanks in advance. mbjohannes@hotmail.com ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - -
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