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A partner and I are about to start a home based business, we have not yet decided what form of corporation we will be..S,LLC, etc. We will need to obtain a bank loan to finance the start up, do we need to have a corporate structure in place FIRST, and THEN go get the loan, or can we get the loan and then form the corporate structure? Does it even matter? HELP!


Senior Member
It probably won't matter -- the new business will not be credit worthy to a bank so the bank probably will commit to make the loan to you, or possibly to the business and you jointly.

This is intended as general information only and NOT LEGAL ADVICE. You are not my client, and I have no obligation of any kind to you. To retain a lawyer, go to http://AttorneyPages.com

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