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re: Buying into a company (Long)
Posted on 7/23/14 at 9:48 pm to JakeMik
Posted on 7/23/14 at 9:48 pm to JakeMik
You'll sign a personal guaranty whether you borrow individually, or whether they lend to the company you will own at a future time.
If you borrow personally, and this gets complicated, you can write off the interest as investment interest.
I don't type well either. It has never prevented me from treating people respectfully, or making money. I've learned people in this world teach me how to treat them. If you haven't learned that already, from this thread, or elsewhere, you'll soon learn it running a business. Best of luck. It's a path made difficult by employees, the government, and generally getting forced to pole vault over mouse turds with tooth picks.
If you borrow personally, and this gets complicated, you can write off the interest as investment interest.
I don't type well either. It has never prevented me from treating people respectfully, or making money. I've learned people in this world teach me how to treat them. If you haven't learned that already, from this thread, or elsewhere, you'll soon learn it running a business. Best of luck. It's a path made difficult by employees, the government, and generally getting forced to pole vault over mouse turds with tooth picks.
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