Shareholder basis Hi,
I recently incorporated with 200 no par shares. For the time being I will be the only shareholder, director, officer, etc. I also have a full time job.
How do I put money into my company (from savings, salary)? I know that I can buy shares, but is there another way to increase my basis? Should I only buy a few shares at, let's say $100/share, or I can buy them all and put money in the corporation in some other way.
As the end of the year is pretty close, what happens if I don't have any income at all. I know I still have to file taxes, but do I get away with paying myseld no salary? My expenses for the business are very low and my basis can easily handle it.
Thank you! |