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Lender
The bank, mortgage company or mortgage broker offering the loan to the borrower.
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Letter of Engagement
You will be receiving a letter of engagement from your designated outside counsel, engaging you as the attorney’s client. Upon receipt you will need...
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Leverage
The degree to which an investor or business is utilizing borrowed money. Companies that are highly leveraged may be at risk of bankruptcy if they are...
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Life Expectancy
The number of years an individual is expected to live based on the IRS tax table. The required mimimum distribution (RMD) is based on the life...
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Limited Liability
A type of investment in which a partner or investor cannot lose more than the amount invested. Thus, the investor or partner is not personally...
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Limited Liability Companies
A type of company, authorized in most states, whose owners and managers receive the limited liability and (usually) flow through tax benefits.
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Limited Partnerships
A business organization with one or more general partners, who manage the business and assume legal debts and obligations, and one or more limited...
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Liquid Cash
Easily convertible to cash.
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LLC Bank Account
You will be required to establish a small business checking account in the name of your LLC at the local bank of your choice. At the end of the...
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LLC Bank Account Documents
The LLC Bank Account Documents are documents that will be required by your local bank in order to establish the LLC Bank Account. These documents...
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