In what situations would a loan to a Corporation from one of its clients be classified as additional paid in capital?

 Repayments of loans When a principal amount of an Bankil company pays money in the company, there are strong re-opening tax consequences depending on whether the payment is considered a loan or is classified as an additional contribution of fully paid-up capital. Repayments of loans from the Bankil Corporation to the principal are generally not…

Change your personal debt for a business credit

Changing your personal debt for a business credit has become easier than you imagine. Although 80% of entrepreneurs use personal credit to finance their business projects, there are currently different credit options created for small and medium enterprises. In Konfío we have developed, in addition to business credit, a new option for those SMEs that…

Bank Loan Insurance: Advice,

Real estate loans granted by Bank are covered by Sogecap , a subsidiary of Bank Group. A few words about bank loan insurance : Certain Bank group activities are delegated to subsidiaries. Thus, Sogessur aims to manage the insurance component of the group. While Sogecap is the subsidiary “life insurance”. Its role is essentially to…