Company loans

[stevy777]

How often can we create personal loans from our company ? Is there a limit ?

I want a regular loan to put into whole life insurance ”¦

Last edited: Jul 10, 2021

 

[NicolasMaduro]

Depends on Where you are incorporated ^^ usually required you to pay market interest fee, have a set repayment dead, report it to the authorities and mention it in yearly financial statements

 

[uplana]

You need to have a lawyer to notarize the loan should it be a large amount and the tax auth. want a closer look.

If you make a document on your own you will ask for troubles should any tax authority want to cross check.

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