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More56
Oct 4, 2007, 10:15 AM
How much can I persoanlly borrow from my 100% owned limited company and what are the tax implications for the company and me personally ? Thank you.

AtlantaTaxExpert
Oct 5, 2007, 06:31 AM
Loans between related parties is scrutinized VERY closely by the IRS to ensure that the related parties do not get any favorable advantages that would not be extended to a stranger getting such a loan.

What kind of business is your limited company?