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You and your friends form Hill Country Zip Line, Corporation. Your Business Plan convinces Chase Bank to loan startup money to your new business. However,
You and your friends form Hill Country Zip Line, Corporation. Your Business Plan convinces Chase Bank to loan startup money to your new business. However, Chase Bank requires you and your friends to each personally guarantee to repay the loan. Fortunately, since Hill Country Zip Line is incorporated, you and your friends are protected from any personal liability to repay the loan if the business is unable to make the payments.
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