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    More56's Avatar
    More56 Posts: 1, Reputation: 1
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    #1

    Oct 4, 2007, 10:15 AM
    Company loans
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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?
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