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That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
By structuring the loan this way, you personally borrow and lend to your business, turning yourself into the primary creditor. This strategy puts you in a far stronger position if things ever go wrong, while maintaining greater control over your finances.
Here is one of the big problems with tax debt.
Many business owners allow the tax debt to creep up on them.
Tax never sleeps – it’s always up and about looking to get you.
True freedom is a freedom with clear boundaries.
So, for almost 23 years, I have been preaching that business owners need to understand financial documents.