Displaying items by tag: directors loan account

What happens when business owners use their own money in the business?

Most small to medium business owners will tell you they went into business so they could provide for their family, in greater flexibility and free time, increased resources and a legacy.

Like most long term plans, building a self sustaining business takes time; time to mature, time to stabilise in the market and time to return the capital invested.

To achieve this, the majority of business owners use debt and overdraft facilities as an ongoing business tool.

And these types of tools can quickly work against you and your family if you're unprepared.

Published in Blog

Are you protecting your key business assets—like your debts?

Many business owners who don’t have debt protection insurance in place say they simply never knew they could insure their debts or never had a conversation with their accountant about 'how much the business really owed them and what they should do about it.

Published in Services

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Drew Browne

Sapience Founder & Director.
Simplifying Financial Complexity

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