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Is It Smart to Loan Your Business Money?

Jun 17, 2019 · For tax purposes, a loan from you to your business must be an "arms-length" transaction, being treated like any other debt. It should be clear that the loan is a binding obligation on the part of the company. Without a contract, the IRS can deny the validity of the loan.…

Putting Personal Money Into a Business in 7 Steps

Apr 04, 2019 · Putting personal money into a business can help you overcome startup funding needs, but can also create unnecessary risk if done incorrectly. You need to make sure you properly account for the money on your business books so you accurately track the amount your business either owes you or how much ownership you have.Author: Dennis Shirshikov…