The question that should have been asked in August 2023, not August 2024.  How much salary was paid to the owner last year?  If it was $40,000, it should have been $35,000 and $5,000 for expenses.  That would have saved both some payroll taxes.  Or is this a situation where the company is losing money and can't even afford a paycheck?  Then the last thing you want to do is call it paid-in capital.  Call it a loan.  Then you can get it back out if the situation ever improves.  (Likely, not.)