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Post Info TOPIC: Loan Repayments
Jo 123


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Loan Repayments
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Hi all

I wonder if you might be able to help me with the following situation.  My husband operated as self-employed for around 6 months and put some of his own money into the busines (only about £500).  He has now set up a company (with a view to getting bank finance) and so will be operating as a limited company instead of a sole trader.  Is it possible for the £500 to be repaid to him by the company as a repayment of the loan that he made to the business initially, even though it wasn't a company at the time he loaned the money to the business.

Many thanks

Jo



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HendyPhilhendy


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It will just come out of the directors loan. When the business incorporated it would have bought the assets and liabilities etc.

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