Be prepared for minimum yearly repayments
If you have a private company and it has made a loan to a shareholder or an associate of a shareholder, don’t forget your obligations to either repay the loan in full or make a ‘minimum yearly repayment’.
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If you have a private company and it has made a loan to a shareholder or an associate of a shareholder, don’t forget your obligations to either repay the loan in full or make a ‘minimum yearly repayment’.