Are there clever ways to take cash out of a business without tax?
(UK IBD). My MD had suggested a long term loan from the business to the owner as he wanted cash off the table but didn’t want to dilute his stake.
I don’t know how this would work because eventually the loan would have to be paid back at some point, especially in a sale or other similar event.
Shock, my MD had more important things to do than explain this to me, his own words.
Anyone have any insight?
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