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I.O.U note to buy equipment

Green Quality

LawnSite Member
Location
Hopwood PA
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

LawnSite Gold Member
If you are a sole proprieter it doesn't matter. You should be talking to your accountant though.
 
OP
Green Quality

Green Quality

LawnSite Member
Location
Hopwood PA
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

Banned
Location
Yardley, PA.
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:
 
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