Incorporation Session 18 - Funding Corporations
This session discusses more of the operating formalities with being incorporated. Maintaining separate legal status through simple procedures, such as avoiding the commingling of personal and business funds. Kevin speaks on the topic of how to fund your corporation, taking loans and loaning money as well as paying yourself. You can capitalize your incorporated business almost any way, however there is a right way. Simply performing this transaction correctly, could be the difference between a strong corporate veil or creating an inroad for a legal opponent. Keeping things separate, paying for business expenses with personal funds and reimbursing yourself the proper way. You will learn how to pay yourself a salary, distributions, dividends and even loan money to yourself while keeping things separate, thus strengthening the liability protection afforded by being incorporated.
Inside This Session
- How to avoid the commingling of funds
- Paying yourself from your business
- Reimbursing business expenses
- Transfer of property purchased before the business was incorporated
- Loans to and from your business to you