Should i pay off my business Loan?

Discussion in 'Business Accounting, Tax & Legal' started by Triu, 4th May, 2007.

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  1. Triu

    Triu Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    149
    Location:
    WA
    Hi any comments on if i should pay off my business loan so i own the business or just keep paying I/O and then reinvest for another business.

    any ideas?
     
    Triu, 4th May, 2007
    #1
  2. Simon

    Simon Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    507
    Location:
    Newcastle
    I think your question should be:

    "Do I wish to invest in another business?".

    Once you know the answer to that one then the finance and tax can all fall into place.
     
    Simon, 4th May, 2007
    #2
  3. GoldCoastGirl

    GoldCoastGirl Member

    Joined:
    1st Jul, 2015
    Posts:
    11
    Location:
    Gold Coast, QLD
    I will use this thread as a springboard as I have a similiar question (please excuse the "thread jack")............

    My answer to your question would be YES. I would want to invest in another business ......
     
    GoldCoastGirl, 13th May, 2007
    #3
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