The WealthAbility Show with Tom Wheelwright, CPA cover image

The Right Way To Take Money From Your Business

The WealthAbility Show with Tom Wheelwright, CPA

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Don't Be a Sea Corporation

You could still have a tax rate of upwards of forty % by distributing it. All right, so does that mean i don't be a sea corporation? Not necessarily. Let's say that your goal is to leave a lot of it in the company to build the company,. Then you absolutely want to be a sea Corporation. So let's say yes. But what if there's, you know, a hundred thousand dollars or 50 thousand dollars that i do want to use for, say, a real sat investment? All right, here's how we do it. We don't have you borrow it into your personal name. You borrow, remember, loans are never taxable because you owe the money

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