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Common documents to include with a business loan request are your business plan, financial statements, tax returns, personal financial information and collateral details.
A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization , the organization's financial projections, and the strategies it intends to ...
An operating agreement is a key document used by limited liability companies (LLCs) to outline the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners, called "members".
LegalZoom.com, Inc. is an American online legal technology and services company launched in 2001. [3] It helps its customers create legal documents without necessarily having to hire a lawyer. Available documents include wills and living trusts, [4] business formation documents, [5] copyright registrations, and trademark applications.
A personal guarantee may still be required for an LLC loan. Many business owners form ... A personal guarantee is a common clause in small business loan contracts. It’s a legal promise that if ...
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