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Loans to company for set up costs
stphnstevey
Posts: 3,227 Forumite
Hi
I needed to 'loan' my business some money for setup costs that it wasn't able to pay due to not earning any income yet. How do I handle this?
Can I charge the company interest on this loan? What rate can I charge?
How do I note this in my accounts?
I needed to 'loan' my business some money for setup costs that it wasn't able to pay due to not earning any income yet. How do I handle this?
Can I charge the company interest on this loan? What rate can I charge?
How do I note this in my accounts?
0
Comments
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One for your accountant perhaps?0
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