Repayment of loan from owners - Saab General Bulletin Board - Saabnet.com
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Good luck with your new business, but as everyone else wrote be sure to consult an accountant (I am not one).
I assume that you and your partner will need to invest some money into the business; when it gets to the point that it is generating some cash you can start withdrawing money as a repayment of the loan you made to the business, which is not taxed as far as I know. When you get to the point that you are generating taxable income, great!
posted by 76.223.86...
Posts in this Thread:
- Payroll/Taxation question, Dave, Sat, 28 Mar 2009 18:26:56
- Re: Payroll/Taxation question, Dean, Wed, 1 Apr 2009 08:28:51
- Re: Payroll/Taxation question, Herb Hirsch , Sun, 29 Mar 2009 08:24:28
- Repayment of loan from owners, Bill Homer , Sun, 29 Mar 2009 07:22:53 <-- Viewing This Message
- Re: Payroll/Taxation question, Rod , Sun, 29 Mar 2009 06:56:47
- Get Thee to An Accountant, Ari , Sat, 28 Mar 2009 19:24:19
- You have it right..., turrbo , Sat, 28 Mar 2009 19:17:49
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