You can utilize loans from your company to yourself as an owner as a way to pull money out tax-free. This avoids taxable transactions like distributions, withdrawals, or salary bonuses.
Since a loan is not considered income, you can have the company loan you money, which you pay back over time. This allows you to access funds without an immediate tax impact.
However, this method is aggressive and risky if abused. The intent should be to truly pay back the loan on a set schedule with interest. Document everything clearly in a loan agreement.
Use company loans sparingly for large personal purchases like a car or wedding when you need a lump sum. Avoid continuously loaning yourself money with no intent to repay.
Follow loan terms, make interest payments, and withhold repayment amounts from any salary to legitimize it. This allows your company to act as your lender vs other debt options.
In summary, company loans to owners can provide tax-free cash access if done properly, cautiously, and in moderation. But abuse could lead to IRS issues. Consult a CPA for guidance on your specific situation.
