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Business & farm
Yes, a loan can be made to a shareholder who is not an employee, but it must be a bona fide loan and not a disguised dividend (or distribution).
Actually, such loans from corporations to shareholders are considered assets and the size of the loan, and other details (such as charging interest at the market rate), can become complicated so professional guidance is recommended.
‎November 21, 2020
6:05 AM