Directors Loan – Free Online Small Business Accounting Software Questions & Answers
I’ve just formed a Ltd company and I’m the Managing Director. My second director would like to make a directors loan to the company. The second director does not take a wage from the company and is mainly silent apart from the loan. I would to simply note the investment which will be paid back at a later date, once we start turning a profit. How do I register this without adding them as an employee and filling in all their tax details.
Thanks in advance