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View Full Version : I.O.U note to buy equipment


Green Quality
02-20-2004, 05:15 AM
Just wondering if any body has tried this ? pay cash, get a note i.o.u to your business. your business pays you back. without being doubled taxed. or charge interest%,a demand note or a loan installment agreement.with your business.

Soupy
02-20-2004, 11:09 AM
If you are a sole proprieter it doesn't matter. You should be talking to your accountant though.

jajwrigh
02-20-2004, 12:44 PM
Why? Like soupy says its all your money, don't make things more difficult than they need to be.

Green Quality
02-20-2004, 05:26 PM
but the whole idea is to let your money work for YOU!( right )you worked hard for it. put little hats on dollars bills and put them to work! Do you walk to school ,or carry your lunch?

gogetter
02-20-2004, 06:54 PM
Originally posted by Green Quality
but the whole idea is to let your money work for YOU!( right )you worked hard for it. put little hats on dollars bills and put them to work! Do you walk to school ,or carry your lunch?

Huh?:confused: :alien: