Originally posted by SandyD
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If a sole trader takes a loan, it is treated as a personal loan. Here's more about sole traders and money:
Protect yourself from your business | This is Money
Or, a question to throw back to the other forum when they said "It is no income for the other business to receive a money loan". Ask them what they meant by that, and how should the receiving sole trader treat that money?
Rather than trying to treat this as one complete process, if you break it down in two, the answers have been given, and are out there.
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