Corporate Loan Agreement Corporation Officers

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Loans to Officers Sample Clauses

https://www.lawinsider.com/clause/loans-to-officers

Loans to Officers. The corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiaries, including any officer or employee who is a Director of the corporation or its subsidiaries, whenever, in the judgment of the Board of Directors, such loan, guarantee or assistance may reasonably be expected to benefit the …

Executive Officer Loan Agreement - Intergraph Corp ...

https://contracts.onecle.com/intergraph/executive.loan.shtml

On January 7, 1993, the Board of Directors established a loan program for corporate officers who are required to report Intergraph stock transactions to the SEC. The purpose of the loan program is to assist such officers at such times that stock transactions …

Business Loan Agreement - SEC

https://www.sec.gov/Archives/edgar/data/1112920/000119312511334658/d267106dex101.htm

In order to protect Lender and induce Lender to enter into this Agreement, the undersigned Borrower hereby agrees, to defend, indemnify and save Lender and any officer, director, shareholder, agent, or attorney, or employee of Lender and each of them, harmless from any and all claims, causes of action, damages, expenses and liabilities of any type whatsoever, including but not limited to attorneys’ fees, …

C Corporation loans to officer for business purpose - Ask ...

http://www.asktaxguru.com/850-c-corporation-loans-to-officer-business-purpose.html

Jan 21, 2009 · When a Corporation lends monies to its officer, the monies lent to the Officer is really booked as an Officer Loan receiveable. This loan must have a stated interest rate, a repayment schedule, that is an intent for the officer to repay this loan and the loan must be approved by the Board of Directors in the Minutes of the Board meetings.

Business Loan Agreement - SEC

https://www.sec.gov/Archives/edgar/data/1352045/000119312506028665/dex1010.htm

BUSINESS LOAN AGREEMENT . This Business Loan Agreement having a reference date of July 1, 2003, is hereby made and executed on the following terms, by and between the following persons: I. BWCA I, LLC, a Delaware limited liability company (“BWCA” and “Lender”), and; II. Basin Water, Inc., a California corporation (“Borrower” and ...

PAYMENTS TO CORPORATE OFFICERS

https://www.edd.ca.gov/pdf_pub_ctr/de231pc.pdf

The loan agreement was drafted by the corporate offcer and contained terms entirely favorable to him; it was an open-ended agreement providing a favorable rate of interest and payable only on demand. It was unsecured. The corporation has made no demand for payment, and the payment was listed as compensation in the corporate accounting system. The money received by the corporate offcer was …

Loan Agreement (Short Form) - Template.net

https://images.template.net/wp-content/uploads/2016/03/17061912/business-loan-agreement.pdf

Loan Agreement (Short Form) 5 www.leaplaw.co. m. Agreement and shall not be deemed in any manner to modify, explain, enlarge, or restrict any of the provisions of this Agreement. 10. Benefit of Agreement. This Agreement shall be binding upon and inure to the benefit of

IRS Treatment of Loans to Officer/Shareholder – Taxes

https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/

Commissioner T.C. Memo 1993-444 (1993) conclusively held that the officer/shareholder bears the burden of demonstrating that amounts received from the corporation are indeed loan proceeds, rather than taxable compensation for services provided. The court outlined certain conditions beneficial for the taxpayer to demonstrate in order for the funds to be treated as a loan, including (1) the existence of …

Can the Officer of a Corporation Be Held Personally Liable ...

https://legalbeagle.com/12717738-can-the-officer-of-a-corporation-be-held-personally-liable.html

For example, if an officer signs a loan document on behalf of the corporation and the corporation defaults, the lender's only recourse is to recover the loss from the assets of the company. The lender cannot ordinarily sue the officer personally to recover the money, for example by attaching his house.

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