Part 7/9:
Wrapping it Up: Mastering Foundation Operations
Creating the foundation is just the first step; maintaining it effectively is where many individuals stumble. The risk of turning a solid opportunity into a liability is palpable without the proper structure.
To legally distill funds back into your personal business from the foundation, one sophisticated method is loan issuance. For instance, a private foundation can extend a loan to a personal business at a low interest rate, essentially making tax-free funds accessible when structured correctly. However, extending loans repeatedly without repayment can lead to financial complications if perceived incorrectly by authorities.