I have a derivative arbitrage strategy I would like to trade. I'm looking for 50-100K and can pay a high level of interest (~10-15% per annum) Should there be losses, if I create and borrow through an LLC, will this effect my credit rating. I understand finding someone to loan the money may be difficult because in essence I am taking no risk.
2007-06-19 07:41:40 · 1 answers · asked by househounting11 2 in Business & Finance ➔ Investing
I have a derivative arbitrage strategy I would like to trade. I'm looking for 50-100K and can pay a high level of interest (~10-15% per annum) Should there be losses, if I create and borrow through an LLC, will this effect my credit rating. I want to avoid personally guarantying the loan. I understand finding someone to loan the money may be difficult because in essence I am taking no risk.
2007-06-19 08:00:55 · update #1
Sure. But if your LLC has no assets to use as collateral, be prepared to sign a note where you personally guarantee the debts of the company.
2007-06-19 07:57:38 · answer #1 · answered by Ted 7 · 0⤊ 0⤋