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Thanks for the replies everyone.
If the vehicles are sold to the company, is there then a time frame where the company would have to pay back the directors loan?
Also is it the case as soon as the company makes a profit the directors loan would need be paid off immediately.
The only reason I...
Hi everyone,
Me and my friend are starting a new business which is vehicle rental/leasing.
We have a few vehicles which are owned outright by us personally that we want to transfer to the company with no payment expected in return. we just want them to be an asset of the company.
what is the...