Julian Joppy, EATax Accountant, Small Business Consultant
Bio

My name is Julian Joppy and I am the President of JAJ Tax & Accounting Services, LLC. My company specializes in providing tax, bookkeeping and other accounting services to individuals, businesses, trusts, non-profits and other entities. Additionally, JAJ Tax specializes in consulting small to medium businesses through tax planning, tax structuring and tax strategies to identify all opportunities these businesses can capitalize on to reduce their tax liability; therefore rendering them more a profitable and successful future. I am an Enrolled Agent (EA) and I have been a tax accountant for over 6 years. I earned my Bachelor's Degree in Business & Accounting at Penn State University and graduated Summa Cum Laude with a 3.79 GPA, which was the top 6% of my class. I have extensive experience working with domestic and international clients preparing federal, state and local tax returns.



Recent Answers


I am well-versed in taxes, business consulting and teaching best practices, and I have been in this field for many years.

To answer your question, you can log the funding to the C-Corp as a Loan from Owners (liability account). This would require a loan agreement, and the agreement must cover details of the loan to the company including a fair market interest value to be paid back to the owner. I have an excellent template for this type of agreement you would need to draft. With this documentation and treatment of the loan, when you distribute money from the company back to the owner, it would not be considered dividends. Therefore, it would not be taxable to pay the owner back his/her funding.

I'd love to discuss this in more detail over a call. This is a pretty complex subject with the setup and ongoing treatment so I'd be happy to go into more detail with you! Also, we can cover the chart of account and other best practices.


I am well-versed in taxes, business consulting and teaching best practices, and I have been in this field for many years.

To answer your question, you can log the funding to the C-Corp as a Loan from Owners (liability account). This would require a loan agreement, and the agreement must cover details of the loan to the company including a fair market interest value to be paid back to the owner. I have an excellent template for this type of agreement you would need to draft. With this documentation and treatment of the loan, when you distribute money from the company back to the owner, it would not be considered dividends. Therefore, it would not be taxable to pay the owner back his/her funding.

I'd love to discuss this in more detail over a call. This is a pretty complex subject with the setup and ongoing treatment so I'd be happy to go into more detail with you!


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