136, RE: Protecting my equity|
Posted by Pepper, Sun Jan-14-07 12:00 AM
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???