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How to Take Distributions from an S Corporation Correctly⤵️ - ✅ Determine S Corp Profitability: Ensure your S Corp has enough profits to distribute. - ✅ Set a Reasonable Salary: Before distributions, pay yourself a fair market wage for your job role. - ✅ Record Keeping: Use QuickBooks to accurately record each distribution. - ✅ Methods of Distribution: Distributions can be made via check, wire, or electronic transfer. - ✅ Timing Flexibility: Distributions can be taken at any time that is financi
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