http://www.norwalk-cpa.com/what-do-you-call-it-in-accounting-when-a-shareholder-loans-the-corporation-money/ A Norwalk, CA Accounting Groups Tue, 28 Dec 2010 19:19:08 +0000 hourly 1 http://wordpress.org/?v= http://www.norwalk-cpa.com/what-do-you-call-it-in-accounting-when-a-shareholder-loans-the-corporation-money/comment-page-1/#comment-1328 Sandy Mon, 04 Jan 2010 13:47:00 +0000 http://www.norwalk-cpa.com/what-do-you-call-it-in-accounting-when-a-shareholder-loans-the-corporation-money/#comment-1328 Try owner's equity. Ledger ## in the 3000's??? If you loaned the co money, you are a bond holder. if you invested then it;s capital stock. Man, you need accounting 101, bad., Try owner’s equity. Ledger ## in the 3000′s??? If you loaned the co money, you are a bond holder. if you invested then it;s capital stock.
Man, you need accounting 101, bad.,

]]> http://www.norwalk-cpa.com/what-do-you-call-it-in-accounting-when-a-shareholder-loans-the-corporation-money/comment-page-1/#comment-1327 LTigerRa Mon, 04 Jan 2010 13:33:06 +0000 http://www.norwalk-cpa.com/what-do-you-call-it-in-accounting-when-a-shareholder-loans-the-corporation-money/#comment-1327 I'll take your word that you're the sole shareholder in a corporation and not a sole-proprietor in a sole-proprietorship. If you lend the co. money, it's a shareholder loan under current liabilities. The a/cs code depends on your chart of a/cs. It's equity only if you issued shares to yourself. Otherwise it's just a shareholder's loan. This is a more flexible arrangement cos you can repay yourself the loan when the co. has the funds. If you issue yourself shares you can't cancel the share and take back the money without going thru a lot of hassle. I’ll take your word that you’re the sole shareholder in a corporation and not a sole-proprietor in a sole-proprietorship. If you lend the co. money, it’s a shareholder loan under current liabilities. The a/cs code depends on your chart of a/cs. It’s equity only if you issued shares to yourself. Otherwise it’s just a shareholder’s loan. This is a more flexible arrangement cos you can repay yourself the loan when the co. has the funds. If you issue yourself shares you can’t cancel the share and take back the money without going thru a lot of hassle.

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