You don't necessarily need a lawyer to write your loanagreement. You can find examples of loan agreements in manybusiness books; just write up the same information, complete it andsign it. If you do decide to get legal advice, you can save moneyby drawing up the loan agreement yourself and then giving it to anattorney to redraft.
Excerpted from Start Your Own Business: The Only Start-Up GuideYou'll Ever Need
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Michael Satterlee is a full-time student and the founder of Solefully.
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