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Capital Contributions vs Loans
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Often times, business associates feel as if they do not need to have everything in writing. This is particularly true if they have gone into business with friends or relatives.
Unfortunately, it is impossible to predict which business arrangements are destined to break down. Businesses co-owned by friends or relatives are just as likely to run into problems as any other business. Not taking the steps to secure written financial details can have disastrous effects on the business as well as on the relationship between the partners.
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South Florida Business Attorney Brett Trembly addresses commonly asked business law questions in his Video of the Month series. If you have any questions for us, or if you need immediate legal assistance, please contact us today.
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Download our free resource today for practical tips that will make your contracts even stronger. Specifically, we cover five clauses that MUST be present in each contract – which could save you a significant amount of money and time in the event of a legal dispute.
This report provides general tips and insights regarding business contracts. If you are looking for specific legal assistance for your business and/or its contracts, please contact us today!