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Business & farm
Did you ever actually fund the corporation (i.e., contribute capital, in the form of cash, in exchange for stock)?
From what you have posted, it appears as if the corporation did not have sufficient funds to pay expenses so you had to use your personal account to do so. In that, event there is not a sufficient rationale for choosing a loan over a capital contribution (paid-in capital).
‎February 17, 2022
3:06 PM