Thank you, @tallen for enlightening.
I was also thinking about when in case the business happens to be temporarily in the red, at least the loan repayments could still be in effect. What are your...
Type: Posts; User: libra; Keyword(s):
Guess I will need to search on basic accounting...
Thank you, @tallen for enlightening.
I was also thinking about when in case the business happens to be temporarily in the red, at least the loan repayments could still be in effect. What are your...
Thank you, @tallen for enlightening.
I was...
Thank you, @tallen for enlightening.
I was also thinking about when in case the business happens to be temporarily in the red, at least the loan repayments could still be in effect. What are your...
Thank you for your comments. Much appreciated.
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Yes, it is possible. Write up a loan agreement between your person and your LLC that includes a re-payment schedule, make sure that the LLC is paying you a reasonable interest rate on the loan, but...
I take this opportunity to ask seniors here...
I take this opportunity to ask seniors here whether it is possible or feasible for a business owner to make a formal loan to his own company (eg. LLC) rather than directly injecting capital into it....