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Savcon
Hi
I am one of 2 directors in a small company, after starting up there has been insufficient funds available to draw a salary but we have both taken monies from the company bank account from time to time. Our loan accounts are currently in a debit balance as a result. There are no assets in the company besides the money in the bank from work we have brought in.
If I want to leave the company, what happens to the money which is reflected in my loan account as a debit amount? and do I simply resign as a director?
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