Legal Business

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Legal Business
specifics of a legal business loan contract?

A family member is going to finance the startup of my business. The agreed upon loan rate will be 7.0% due at the term of the loan in 5 years. For legal and tax purposes, is it worth going to an attorney to write up the contract or can I just enter the loan information into one of the free legal contract services(programs) on the internet? Many thanks to answers in advance.

You won't get what you want free on the net. But, for a minimal amount of money you can get a promissory loan form for your state that will totally suit yours needs. You need not use an attorney on this type of simple loan.

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