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If it was structured correctly, you wouldn't take a tax haircut on the 250k. (You don't pay taxes on the proceeds when you get a loan, e.g.)
by simon_ 17y ago
If it was structured correctly, you wouldn't take a tax haircut on the 250k. (You don't pay taxes on the proceeds when you get a loan, e.g.)
- frig 17y agoYou might think so, but there's not an existing legal framework for receiving equity investment as an individual. If it were that easy people would already be getting around gift tax and estate tax by investing $millions in their kids in exchange for .01% of future annual income, initial payments deferred 15 years (and transferring as part of the estate) and and so on.