Business formation

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Title: Business formation

Essay Details:

Subject: Business

Author: Jose S

Date: June 19, 2013

Level: University

Grade: B

Length: 4 / 1170

Essay text:

Even with their combined savings, the group realizes that they will need to either obtain bank financing or outside investors. Bank financing will require that the five friends put up their personal assets as collateral. Outside investors will not demand personal collateral, but will demand control. The five friends believe that the company will be a success. Yet, even without having to give a bank personal collateral, they are concerned that if the business fails, they could lose everything they have accumulated. 1) Idea/vision for the business. I will name this business, ALR Commercial Development, LLC...

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