Personal Loans. A personal loan can create a buffer between what you need to pay for, and what you can afford right now. This makes personal loans are a great way to cover large costs now and pay back what you owe over time. What is a Personal Loan?
Loan to a company Agreement – Debt/Equity Rules – Your company buys a truck. Instead of the company borrowing the money from a bank, you draw the money out of your own bank account. Did you loan the money to the company? Or was it an injection of equity? ATO says because there is no legally enforceable Loan Agreement it was an injection of equity. You lose the money.
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