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    Spiral Dance's Avatar
    Spiral Dance Posts: 1, Reputation: 1
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    #1

    Oct 14, 2009, 05:24 PM
    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!
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Oct 14, 2009, 05:26 PM

    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.
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