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Where should I start if I want a business loan

Where should I start if I want a business loan for the construction of my office on my land?

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3,740 satisfied customers
I want to make a $20,000 business loan to the company of a

I want to make a $20,000 business loan to the company of a friend in the UK within the next week or two. How do I go about doing this so thata) the loan looks legitimate per IRS (i.e. not a gift or whatever)b) I can write it off if I fail to get back the principalc) the actual money transfer does not look suspicious and money-laundering-like (this question may be outside the domain of accounting - not sure)

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Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

 
3,896 satisfied customers
A company that my LLC had lent money to went

For Lane. A company that my LLC had lent money to went bankrupt. I know that I can't take the entire 7 digit amount and write it off at one time but can only write off small amounts of the unpaid debt each year. I recenty was told that If I went to court and obtained a judgemnt then I could write off the entire balance at one time. Is this true? any suggestions. Thanks

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,278 satisfied customers
If I have bad credit can I still get a first time small

If I have bad credit can I still get a first time small business loan, if so how?

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BK-CPA

Bachelor's Degree

 
972 satisfied customers
We have a office rental business in NY. Due to pending

We have a office rental business in NY. Due to pending litigation against us there is a temporary restraing order (TRO) in effect for over 5 years that prevents us from taking any income except to pay the mortgage on the property. Since our property rightsare being violated and we have no access to our income are we required to pay income tax on money we were prevented from using? Also a company we loaned money to went bankrupt and was given a dischrage so the money owed us can never be recovered, is this aloss we can claim as a deduction?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,278 satisfied customers
Investor behind in payments . Late fees are staggering.

Investor behind in payments for duplex. Late fees are staggering. Can we forgive some of the fees and issue a 1099C. All efforts have been made to collect. Looks like pending foreclosure.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,278 satisfied customers
I just migrated over to an S-corp. My Sole Proprietorship

I just migrated over to an S-corp. My Sole Proprietorship (SP) has a business loan. Can the SP invoice the S-corp to make the payments and to pay down the loan?

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PDtax

Owner

Master's Degree

 
6,658 satisfied customers
I work business that is completely women run and

I work for a business that is completely women run and owned. Just wondering if there are special places to find grants or loans for these types of businesses.

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JACUSTOMER-b0lr4fay-

Senior Tax Attorney

Master's Degree

 
922 satisfied customers
I'm currently trying to start an LLC in order to produce films,

I'm currently trying to start an LLC in order to produce films, but i'm currently unemployed. My personal credit isn't too good and I haven't officially began bringing in revenue, since I'm not even incorporated yet. My grandmother is stating that she's willing to sign over a portion of her undeveloped land to me in order to use as collateral. My main question is will that be enough in order to open up a line of credit for equipment in order to begin making revenue?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,894 satisfied customers
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