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Forum nameFinancial Feast
Topic subjectRE: Protecting my equity
Topic URL
136, RE: Protecting my equity
Posted by Pepper, Sun Jan-14-07 12:00 AM
Hi Kent,

Thanks for the help. I checked out your site - good stuff.

Let me try to re-phrase my situation/question: when I start the business as an S Corp, I still have to take a loan out and give the bank a personal guarantee. Can I put a limit on my personal guarantee, or can the bank liquidate me completely if I default on the loan???