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Can a Promissory Note Affect Your Credit?
It is a common practice for a new company to take out a loan in order to acquire the startup funds necessary to build the company and conduct business. Although there are several avenues from which a company can acquire funding, many times......
How to Start an E-commerce Business
When Capital Is Hard to Secure Many people dream of starting their own business, but not everyone has the ability to secure the necessary funding to rent or buy a suitable location and acquire the necessary equipment and inventory to begin......
How to Deal With Creditors and Collection Agencies
Managing Debt Finding ways to manage and deal with financial debt has become increasingly important as more and more people utilize credit to purchase items that they want or need but cannot afford to buy outright. Credit cards, automotive......
Bill of Sale Basics
Since the time individuals began buying and selling goods to one another, there has been a need to document ownership of the property as it changed hands. In order to prove ownership, the bill of sale was developed to confirm that a seller did......
What Is a Sale of Goods Agreement?
The buying and selling of goods is the foundation of a large percentage of business that is conducted between: individuals, small businesses, corporations, and countries. Oftentimes, the success or failure of a business depends upon purchasing......
How to Use Agreements to Forecast Sales
One of the most important elements of running a successful business is having the ability to accurately forecast sales. An accurate sales forecast enables companies to properly manage staffing and production needs and is an essential element......
How to Effectively Utilize Consultants
Many companies utilize independent consultants to fill gaps in their own staffing or temporarily infuse a company project with the high level of experience to help get it off the ground. Independent consultants bring seasoned experience and......
How to Use Contracts to Protect Yourself
Perhaps no other legal document is utilized more frequently and by more people than the general contract agreement. There are very few situations in business, finance, or even every day events in which individuals do not depend on a promise or......
The Value of a Promissory Note
What Is a Promissory Note? A promissory note or promissory letter is a written and signed agreement between two parties to repay a definite sum of money by a specific time. The terms of a legal promissory note include the amount to be......
What To Do When a Promissory Note Is Paid Off
Promissory Notes Are Vital Documents When an individual or business borrows money from another individual or entity, a promissory note is always utilized to ensure repayment of the loan amount. It is a vital legal instrument used by the lender......