Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Do I need to draft a loan agreement? What is Paid-in Capital?
Hi Friends,
I just set up a C Corp just for a dollar. Then I, myself, loan to my corporation some money (let say $A.00) so that the company can pay some operation expenses and can buy properties when the opportunities come.
Do I need to draft a loan agreement between myself and my corporation for the amount of money I loan to my corporation?
Is the amount of $A.00 the Paid-in Capital in the annual report form filed to Secretary of State? If not, what is the "Paid-in Capital" in the annual report form?
Thank you for your help.
Hai Van Nguyen