Ask an AI Accountant

Sure, an owner's draw check from a Professional Corporation (PC) can technically be made out to someone other than the owner. However, it's important to remember that the owner's draw is typically considered a distribution of the company's profits to the owner. If the check is made out to someone else, it could potentially be seen as a payment for services or a gift, which might have different tax implications. It's always a good idea to keep clear records of all transactions and their purposes to avoid any confusion or potential issues with the IRS.