Tag Archives: Promissory note
Is it a Good Idea to Take Back a Note on Sale of Your Business?
When selling a business, a seller may decide to extend credit to the buyer by “taking back a note.” Sometimes this is done in combination with bank financing, but not always. In this discussion we will look at what taking … Continue reading
How a Business Should Issue Securities to its Founding Owners
When a business is organized, whether as a corporation or limited liability company, the business entity will need to issue to its founding owners their ownership interests (which are securities). The easiest and most straightforward way for founders to acquire … Continue reading
Collecting on a Promissory Note Given in a Sale of Business
If you sold your business and took back a promissory note from the buyer, you may be looking forward to the monthly payments and the nice revenue stream your business continues to provide after it was sold. However, if the … Continue reading
Of Interest to Entrepreneurs and Startups 