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Updated over 9 years ago,
Private Investor tax implications?
Hello B P. Ill get right to it. Have a few private investors who have signed up for a whole year with my company. Ive been cutting them an interest check every 3 months (1 per quarter). When the private investor goes to do there taxes, do I or my llc have to provide them with any sort of document or statement etc for the interest payments? This is the first time dealing with private investors that weren't family members or good friends and want to make sure I do things right and professional? Any info or related blogs would be great. Thanks