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lwpat
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25386
Experience:  Attorney with over 35 years of business experience.
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With a C-Corp can the executives cut themselves a check to

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With a C-Corp can the executives cut themselves a check to reimburse for a decrease in salary. (Executives took a decrease in their salary until the business is able to afford to pay them completely)
With approval of the Board of Directors they can.
Customer: replied 5 years ago.

The Board of Directors only consists of myself and someone else. Are we supposed to document a meeting where we both agree? Can the check be documented as a reimbursement, not taxed as a payroll check?

It can be a distribution of dividends but it is taxable.
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