Quote:
Originally Posted by Warfish
Is the investment his, to be reapaid or otherwise reimbursed by the business? Then he should be listed as the investor, he can be "silent" if he wishes in terms of management/ownership.
Is he giving the money to you? Then it's a gift, pay your taxes as appropriate. Desposit the whole thing and don't try to play the system.
Or.....
If you're planning on being a business, maybe (just maybe) you should get your financial advice from your duly contracted accountant/financial manager, not the assembled throbbing pulsing brain of JI?  |
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I think the best way to describe it would be a loan that I intend to pay back in full.
Sent an E-mail to my accountant yesterday and have not heard back yet (impatient), other then that I am the financial manager.