Guide on Legal and Tax Implications regarding Director's Loan Account in Ireland. Learn more on how to minimise the risks involved today.The general rule of the Act as laid out in Section. Director's Loans are not a feature of the Umbrella Company Solutions, but they can be quite common with Private Limited Companies. If a company (such as a bank) lends money as part of its business, it can lend to its directors. Putting some money into your limited company and wondering how to open your director's loan account? Loan or advances not to be treated as annual payments. Where a close company makes a loan or advance, for any purpose, to a director or. Where do I file an Assumed Business Name? The first floor of the Paul Elizondo Tower (101 West Nueva Street), San Antonio Texas.