Hi:

I am starting a company and am raising a portion on my initial capital as a personal loan from a foreign individual (rich uncle). Would I face any personal tax consequences in doing this? What if this loan is below typical market rates? Maybe even a zero interest loan?

I live in the US and am starting a US company.

Thanks,

Karl

Karl:

Sorry, but my knowledge of taxes is not good enough to give you any type of feedback other that you need to talk to an accountant.

In the conversation, you ought to ask the accountant if there is a benefit on the loan being made directly to your company rather than you.

Good luck