Winning Strategies for Loans

Obviously, speak with an accountant. Make sure that the accountant you're speaking to has a degree of knowledge and expertise in the tax treatment of loans. When you take into account that there are other parties borrowing from the corporation who are not tied to the corporation. And that the distinction that I didn't know until my accountant educated me on that, because they said, look, if I'm going to borrow money from one of many corporations that I have an ownership interest in, I don't want to be subjected to that constraint of having to repay it within two fiscal year ends, maximum. He said, well, provided the corporation is lending to other individuals or other corporations, you're not subjected to that rule. The corporation can treat you as a borrower, no different than any other legitimate borrower. And so that's something.