Everything You Need to Know About S Corporation Distributions
First, the capital accounts are reported on the company’s balance sheets as shareholder equity Bookkeeping for Veterinarians and loans from shareholders. Then each shareholder’s capital account can be summarized on Form 1120-S Schedule K-1. Choosing an S-Corporation (S-Corp) structure for a business offers several benefits, which is why it’s one of the most popular entities … [Read more…]