Director loan to company, any useful links ?

[JohnnyBKK]

Hello,

 

Has someone useful links to understand director loans to ltd companies ? 

My company is registered with 2 million baht but I spent 7 million of personal money in supplies registered in the books, I heard that I need to make a director loan to the company but i'm not sure how to do this and the implications. The laywer I consulted was not very helpful in explaining this.

 

Thanks.

[blackcab]

You shouldn't have to do anything as your accountant will take care of this. Essentially, a director loan is the name given to the money you have lent the company in excess of its available cash.

 

Clearly, the money had to come from somewhere. When the company accounts for this year are finalised (next year) the accountant will calculate this figure, include it in the accounts and label it as a director loan.