1. Would you answer in above question be different if the shareholder had also lent the subchapter...

Question:

1. Would you answer in above question be different if the shareholder had also lent the subchapter S cash in an amount in excess of the shareholders’ allocable share of losses and deductions, and if so how?
2. A client of yours has been advised to have his wholly owned borrow funds from a third party with the loans guaranteed by the shareholder, rather than have the shareholder borrow the funds and loan it to the Do you agree?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...