I'm looking to open a small retail store and forming an LLC. At what point do I form the LLC (prior to bringing the business plan to the lender)? Not sure if I shoulod invest in legal fees until I know the financing is approved?
Answered on: 11/14/08, 9:19 am by Victorianne Maxwell
Re: Small Business/LLC
Some lenders may require that you form the LLC before approving financing. Its worth it to invest in legal fees, because in the end you and your busiess will be provided protection under the law.
Did you find this answer helpful?
0 Users found this answer helpful.
0 Attorneys agree with this answer.
Maxwell Law Firm, PLLC 1200 East Morehead Street, Ste 140 Charlotte, NC 28204► Other answers from this attorney