Loan from known persons

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student
467 Points Posted on 26 July 2022
do we require any agreement for taking loan for business from known persons ( firms or individuals)
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On 26 July 2022 at 13:28 Report
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Chartered Accountant
973 Points Posted on 26 July 2022
No need to make any agreement, but if the amount is material, then you can make an agreement for mitagate any future issues.
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On 26 July 2022 at 13:51

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