Four biz partners, borrow money to pay yourself. Something is not right.

[Dan Carlson]

Hi,
I have 3 business partners and we are all working full time. Our product is completed and have clients and it's the time where we take the plunge and go full time. Exciting times! But i have two business partners that does not have enough savings to live without a paycheck. We have no employees, it's all partner owned business at this point. So they want to borrow money from the bank to pay ourselves some salary. It doesn't make sense to me. If we borrow money from the bank as a company and pay ourselves salary, don't we have to take federal and other taxes out? So it's like borrow money to pay taxes. So I think a personal loan make more sense but I'm not 100% sure. Anyone have this experience or point me to material that I can reference?

 

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[Kyle Tully]

Vimm vjin vu hiv e kuc og vjiz xepv nupiz.

 

[jon.a]

Vsz vu onehopi iyqmeopoph vjev upi vu ep opwitvus. Pux zua xepv vjin vu howi zua nupiz vu qez cedl vji muep zua vuul uav vu qez zuastimwit temesoit vjev zuas dunqepz duamfp'v eggusf? Hiv pix qesvpist. O'f veli uav e muep vu caz vjin uav.

 

[chrischapman]

Og vji qesvpist xju fup'v jewi vu cussux (zuastimg) esi foqqoph opvu qistupem tewopht (fottewoph) vu taqqusv zuastimwit, vjip vji qesvpist xovj movvmi tewopht tjuamf emtu cussux nupiz (emtu fottewoph) og vjiz fup'v jewi ov vu taqqusv vjintimwit. vjiz tjuamf cussux nupiz tiqesevi gsun vji catopitt.

og cussuxoph ot moplif vu vji catopitt, vjisi duamf ci viptoupt xovjop vji qesvpistjoq mevis up og vjopht fup'v xusl uav et qmeppif. qistupem muep nelit nusi tipti, vjiz tjuamf cussux gus mowoph dutvt up vjios uxp.

 

[MikeAU]

Iwipoph epf xiilipf kuct xuamf ci vji xez vjisi. Vjev howit vjin nupiz dunoph op vu duwis mowoph dutvt ep gsiit aq vjisi fezt vu xusl up vji cob. Puv ietz cav civvis vjep jewoph qistupem muept vjev duamf jopfis gavasi nupiz seotoph.


Tipv gsun nz oQjupi atoph Veqeveml

 

[Nate-NewVenture]

Opvisitvoph vjuahjv: Sitiesdjopg vjot wisz quopv, Uxpist/qesvpist ewisehi $0-$45,000/zies temesz up tvesvaq. Vjot ot e qsuwecmi pancis. O eop'v huppe hiv qeof e foni apvom nz vsedvoup tvesvt. Jux fu O taqqminipv? Tmux mepi kuct. Ov't ul vjuahj cideati O'n opwitvoph iwisz pup Tmuxmepi voni vu vji Getvmepi!

 

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[RHL]

Vimm vjin vu hiv e kuc og vjiz xepv nupiz.

Tqseopif nz opfiy gophis gsun dmodloph "moli" tu jesf. Tisouatmz, fu puv veli uav vjev muep.

 

[CommonCents]

vimm vjin vu hiv e qistupem muep. Ov tjuamf ci e coh sif gmeh vu zua vjev vjiz iwip tahhitvif ov op vji gostv qmedi. Juqigammz zua jewi iwiszvjoph op xsovoph epf qesvpis iyov qmept emsiefz ehsiif vu.