WHEN YOU FORM YOUR COMPANY
OR TRUST ONLINE AT AMERILAWYER.COM,

PAYMENT IS NOT REQUIRED

CREDIT APPLICATION -PARTNERSHIP

A well-drafted Credit Application will:

  • Gather as much detail as is necessary to generate a credit bureau report on the business entity;
  • Provide the creditor with sufficient assurances that any credit extended will be paid according to the relevant terms.

GET A QUOTE FOR YOUR AGREEMENT HERE

Information & Benefits:
The following information and benefits is what distinguishes us from other online providers.


Summary
This application is utilized in order to determine the credit worthiness of a particular business and is generally used in conjunction with a credit bureau report.

Partnership Name
Ascertaining the identity of the partnership is paramount especially if doing business under a name different from the partnership name.

Address

Where are they located? How long have they operated at this location? Any other locations? If more than one location, where will the controlling officers be located?

Ownership & Control

Who are the partners? How many partners are there? Who are the General and Limited partners? Should get their titles, dates of birth, socials, addresses and phone numbers. Every controlling owner should sign and guarantee.

Leases

Do they own or do they lease office/business space? If they lease, who is their landlord? If they own, are they financing? If so, who is the financing bank?

Financial Condition

Should have full knowledge of the financial condition, nature and character of the other party's estate and property. What are their annual sales and profits? Should authorize Creditor to investigate the Individual's and Business's personal and business credit, financial records, including bank records.

Trade References

Do they have customers or business partners who will provide positive recommendations?

Credit Plan

One and one-half percent per month (which is eighteen percent per annum) on all past due sums and reasonable attorney's fees on all sums due and all costs and other expenses incurred by Creditor in collecting any indebtedness of the partnership, whether or not a lawsuit is filed.

Guaranty

This should be a continuing personal guarantee and revocable only in writing by delivery to Creditor of the revocation by certified mail return receipt requested.

Severability

In the event any part, portion or provision or paragraph of this Prenuptial Agreement is declared void or invalid by any legislative act or judicial determination, the remaining portions of this Prenuptial Agreement shall not be affected and thereby it shall remain in full force and effect and be binding upon the parties hereto.

Mediation and Arbitration

Mediation and Arbitration should always specify a location in Client's jurisdiction (preferably, in the same county where they run their business). Mediation is a non-binding way to settle the dispute quickly and amicably. If unable to settle in mediation, arbitration is first option available. Arbitration is the preferred alternative to litigation because of speed, cost, and ability to maintain low profile (no info is publicly available).

Governing Law

Always stipulate that the contract will be governed under whatever law the Client ordinarily conducts business. Always make sure that venue and jurisdiction are as convenient to client as possible.
 
No Modification or Waiver

No modifications except those specifically agreed upon by the parties in writing. Any waiver of a term or provision will not act as a waiver of any other provision.
 
Entire Agreement

This agreement constitutes the entire agreement of the parties and may be modified only in a writing executed by both parties.

GET A QUOTE FOR YOUR AGREEMENT HERE


Real Lawyers. Real People.
Spiegel & Utrera, P.A. : Affordable Agreements. Custom-Fit Contracts.

Why do I need a Legal Contract or Agreement?

Our Office

Miami

1840 Coral Way
4th Floor
Miami, FL 33145
Toll Free: (800) 603 - 3900
(305) 854-6000
Fax: (305) 857-3700
Natalia Utrera, Esq.,
Managing Attorney

New York City

1 Maiden Lane
5th Floor
New York, NY 10038
Toll Free: (800) 576-1100
(212) 962-1000
Fax: (212) 964-5600
Nicolas Spigner, Esq.
Managing Attorney

Clifton, NJ

642 Broad St., Suite 1B
Clifton, NJ 07013
Toll Free: (888) 336-8400
(973) 473-2000
Fax: (973) 778-2900
Sandy A. Adelstein
Managing Attorney

Los Angeles

8939 S Sepulveda Blvd.
Suite 400
Los Angeles, CA 90045
Toll Free: (888) 520-7800
(310) 258-9700
Fax: (310) 258-9400
Nicolas Spigner, Esq.
Managing Attorney

Delaware

9 East Loockerman Street
Suite 202
Dover, DE 19901
Toll Free: (888) 641-3800
(302) 744-9800
Fax: (302) 674-2100
Courtney Riordan, Esq.
Managing Attorney

Las Vegas

2545 Chandler Avenue
Suite 4
Las Vegas, NV 89120
Toll Free: (888) 530 4500
(702) 364 2200
Fax: (702) 458 2100
Joel S. Beck, Esq.
Managing Attorney

Chicago

Continental Office Plaza, Suite L12
2340 Des Plaines River Road
Des Plaines, IL 60018
Toll Free: (888) 514-9800
(312) 443-1500
Fax: (312) 443-8900
Michael C. Welchko, Esq.
Managing Attorney

General Counsel Club®

Unlimited Legal & Business Advice
LEARN MORE!
Toll Free: 1 (800) 734 - 9900
Fax: 1 (800) 520 - 7800
ClubAssist@AmeriLawyer.com
Natalia Utrera, Esq.,
Managing Attorney

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STARTING A BUSINESS

There are many benefits to starting a business and incorporating. Some of the benefits of starting a business include protection of your personal assets, ease of raising capital, gain anonymity, available tax benefits and more!

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