how can I take money out ofmy one person s-corp, without taking it as salary? can I just write myself a ck?

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how can I take money out ofmy one person s-corp, without taking it as salary? can I just write myself a ck?

I want to transfer money from my new business to a personal account. Is it as simple as writing myself a check? How do I log the money I'm transfering?

2006-11-02 04:57:51 · 2 answers · asked by Tom D 1 in Business & Finance ➔ Small Business

2 answers

yes it is simple as writing a check.

2006-11-02 05:10:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋

No. Nothing is ever simple when it comes to the IRS. See an accountant.

2006-11-02 13:04:47 · answer #2 · answered by tonks_op 7 · 0⤊ 0⤋