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I will prepare a legally binding personal guarantee contract for corporate debt
United States
US Attorney Bar 000966 Ironclad Legal Protection Contracts
About this Gig
I am Stephen K. Yamashiro, a US licensed Attorney (Bar No. 000966). If you are lending to an LLC or a corporation, the business could go bankrupt, leaving you with nothing. The solution is a Personal Guarantee.
This gig provides you with a meticulously drafted Personal Guarantee Contract. By executing this document, you legally bypass the "corporate veil," making the founders, directors, or shareholders personally liable for the companys debts.
Ideal For:
- Landlords leasing to new LLCs.
- Creditors extending lines of credit to startups.
- Investors requiring personal accountability from founders.
Key Features Drafted:
- Absolute and unconditional payment terms.
- Community property state considerations (spousal signatures).
- Clear triggers for individual default.
Protect your investments by ensuring individuals have skin in the game. I work swiftly, accurately, and exclusively via Fiverr text messaging to provide you with rapid, premium legal drafting.
Place your order today to legally secure your corporate receivables.
Field of law:
Business (corporate)
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
What is the difference between this and a corporate guaranty?
This contract specifically ties an individual's personal assets (house, car, bank accounts) to a business's debt.
Do I need a spousal consent clause?
If the guarantor lives in a community property state (e.g., California, Texas), spousal consent is highly recommended. See Premium.
Can we limit the personal liability?
Yes, the Standard package allows us to cap the personal liability at a specific dollar amount.
How long does this process take?
Delivery is typically within 2-3 business days, depending on the package selected.
Will you negotiate with the guarantor?
No. I draft the agreement for you to present to the guarantor. I do not act as your external negotiator.
