Fact sheet: Director's loan accounts
The law states you must keep a record of any money you borrow from, or pay into, your company. Our fact sheet tells you more about director's loan accounts.
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A director鈥檚 loan is when you take money from your company that is not:
- a salary, dividend or expense repayment
- money you鈥檝e previously paid into or loaned the company
The law states you must keep a record of any money you borrow from, or pay into, the company - this record is usually known as a director鈥檚 loan account.
This guide will explain more about director鈥檚 loan accounts and what they mean to you and your company.
This publication provides general information only. Every effort has been made to ensure that the information is accurate, but it is not a full and authoritative statement of the law and you should not rely on it as such. The Insolvency Service cannot accept any responsibility for any errors or omissions as a result of negligence or otherwise.