Dividends and payments to founders

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One of the most obvious and legal ways for legal entities to receive cash is to pay dividends to founders. Thanks to this, business owners can withdraw funds for personal needs without violating the law. In an LLC, participants can receive payments in accordance with the size of their shares in the authorized capital.

Spend money from a corporate card
Another "life hack" for individual entrepreneurs. The list of cyprus cell phone numbers corporate card is linked to the individual entrepreneur's current account. You can withdraw and spend money from it. Including for personal needs.

Credits and loans
Getting a loan from a bank or microfinance organization is a simple and safe way to get cash for personal use.

If a business owner needs additional funds and a bank loan is not an option, he can ask for a loan from his own company. Such loans can then be repaid with dividends.

Download a useful document on the topic:

Checklist: How to Achieve Your Goals in Negotiations with Clients

Briefly about the main thing
Cashing out may seem like a quick fix, but it comes with a lot of risks that can seriously hurt your business. It's like riding a motorcycle without a helmet - fun until you crash into a wall. Because sooner or later you'll be found and punished. And no matter how much you make, you can lose much more.

Briefly about the main thing

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Today, there are completely legal ways to cash out money - transfer to a personal card, use a corporate card, wait for dividends if we are talking about a legal entity, or, in extreme cases, take a loan from your company.

Transparency, compliance and sound financial management are the principles that will help your business grow and prosper in the long term.