Sample Business Plan For Lawyers
does promissory note has legal power?
I am planning to loan my friend $100,000 for her business with her pay me yearly interests, and I plan to write a promissory note, would appreciate these information
1) Do I need lawyer or notary is enough?
2) Does the note have legel power in court ?
3) Any good sample on the this type of notes? ( cash, personal, interest, when pay back, if not blah blah)
Thanks
Most states you have to sign it in front of a notary and that is enough for it to hold up in court. Just make sure every detail is perfectly clear and there is no way to get around it. If it just says this person owes me money and nothing else it won’t do you any good. Also remember to keep any copies of reciepts you give her and it would be a good idea to have witnesses for each of those as well just to protect yourself. But my personal advice is Don’t lend money to friends. One small problem and the friendship is ruined and you are going to have to go to court. Let the banks handle money issues.
How can a statute of business in Hong Kong?
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