Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Paying back loan from owner (https://www.askmehelpdesk.com/showthread.php?t=406064)

  • Oct 14, 2009, 05:24 PM
    Spiral Dance
    Paying back loan from owner
    I am the single owner of my LLC and I now have enough profit to begin paying back some of the personal funds I loaned to my business. Wondering if it's appropriate to charge interest and what a reasonable rate would be and how to calculate it. Thanks!
  • Oct 14, 2009, 05:26 PM
    Fr_Chuck

    What was the original loan paper work that you filed out to make this all legal say about interest. As long as your orgnally loaned the money to the LLC with interst due.

  • All times are GMT -7. The time now is 04:55 AM.