specifics of a legal business loan contract?
A family member is going to finance the startup of my business. The agreed upon loan rate will be 7.0% due at the term of the loan in 5 years. For legal and tax purposes, is it worth going to an attorney to write up the contract or can I just enter the loan information into one of the free legal contract services(programs) on the internet? Many thanks to answers in advance.
Public Comments
- You won't get what you want free on the net. But, for a minimal amount of money you can get a promissory loan form for your state that will totally suit yours needs. You need not use an attorney on this type of simple loan.
