How Could You Protect Your Business Assets Against Personal Guarantees?

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In this business environment, obtaining business loans is very challenging. Even if a business entrepreneur is successful at securing such funds, then the lender most probably asks for a personal guaranty. The personal guaranty would most likely defeat the corporate shields builds into corporate entities such as corporations, limited liability companies and limited partnerships. However, there could be ways to mitigate one's exposure to loss of personal assets. Let us analyze this important topic further. Let us further analyze this important topic.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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