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06-11-2016, 01:12 AM #1Member
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All of these percentage ownership issues are irrelevant when dealing with a general C-corp. In a C-Corp, the CEO, even with zero ownership can engage in loan contract so long as he has the power issued from the board(board resolution).
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06-12-2016, 04:41 PM #2Senior Member
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Irrelevant to whom? You? Every lender in the space has ownership percentage requirements, so yes, this is extremely relevant.
Originally Posted by PatrickMTKT
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