What is the name of your state (only U.S. law)? New York
I'm loaning a company an X amount of money for 5 years. Is that money taxable on the receiving end?
Also, if I'm going to be a member of that company as well in the future, will that effect any payback process?
Thank you,
I
I'm loaning a company an X amount of money for 5 years. Is that money taxable on the receiving end?
Also, if I'm going to be a member of that company as well in the future, will that effect any payback process?
Thank you,
I