Can companies borrow money from individuals?

Companies can borrow money from individuals. However, in the following circumstances, the loan relationship formed by the company's borrowing from individuals is illegal, and the loan behavior should be deemed invalid:

1, the enterprise illegally raises funds from employees in the name of borrowing;

2. Enterprises illegally raise funds from the society in the name of borrowing;

3. Other acts in violation of laws and administrative regulations.

How to write the IOUs has the most legal effect.

The legally binding contents of the IOU are as follows:

1. The legal full names of the borrower and the lender shall be clearly written;

2. The loan amount should be clearly written, including the amount expressed in words and figures;

3. The term of the loan should be clearly written, including the start and end dates of the loan and a clear loan term;

4. The specific repayment date should be clearly written;

5. The interest of the loan should be clearly written, and there should be a clear annual or monthly interest rate and the final loan interest payable. ;

6. The date, month, day, time and payment method of repayment of loan principal and interest shall be stated;

7. There should be the borrower's personal signature, handprint or handwritten signature.

Legal basis: Article 153 of the Civil Code of People's Republic of China (PRC).

A civil juristic act that violates the mandatory provisions of laws and administrative regulations is invalid. However, unless mandatory provisions do not invalidate civil legal acts.

A civil legal act that violates public order and good customs is invalid.