When the corporate coffers dwindle or swell, small corporations often borrow or lend their filthy lucre. The IRS likes to see such loans documented, whether they involve financial institutions, shareholders, directors, friends or relatives. And financial institutions and other lenders often require written resolutions for these loans.

Corporate Loans: Create Promissory Notes and Resolutions explains the tax consequences and legal considerations that will keep you out of trouble with the IRS.

It also provides numerous resolutions and promissory notes for you to approve and document your loan transactions, including:

• Authorization of Institutional Loan at Specific Terms
  
• Authorization of Maximum Institutional Loan on General Terms
  
• Unlimited Authorization of Loans for Business Needs
  
• Authorization of Line of Credit
  
• Authorization of Line of Credit with Cap on Each Transaction
  
• Authorization of Loan Terms Secured by Corporate Property
  
• Approval of Loan to Corporation from Insider
  
• Approval of Corporate Loan to Insider
  
• 12 promissory notes for loans to and from the corporation with various repayment terms

With this comprehensive eFormKit, you and your corporation will be able to sigh, "Ahhhh. A loan at last."

• Authorization of Loan at Specific Terms
• Authorization of Maximum Loan on General Terms
• Unlimited Authorization of Loans for Business Needs
• Authorization of Line of Credit
• Authorization of Line of Credit With Cap on Each Transaction
• Authorization of Loan Terms Secured by Corporate Property
• Resolution Approving Loan to Corporation
• Promissory Note: Installment Payments of Principal and Interest (Amortized Loan)
• Promissory Note -- Installment Payments of Principal and Interest -- Secured by Corporate Property
• Promissory Note: Installment Payments of Principal and Interest (Amortized Loan) With Balloon Payment
• Promissory Note: Periodic Payments of Interest With Lump Sum Principal Payment
• Promissory Note: Lump Sum Payment of Principal and Interest at Specified Date
• Promissory Note: Lump Sum Payment of Principal and Interest on Demand by Noteholder
• Promissory Note: Variable Schedule of Payments of Principal and Interest
• Approval of Corporate Loan to Insider
• Promissory Note: Monthly Installment Payments of Principal and Interest (Amortized Loan)
• Promissory Note: Installment Payments of Principal and Interest (Amortized Loan) Secured by Property
• Promissory Note: Installment Payments of Principal and Interest (Amortized Loan) With Balloon Payment
• Promissory Note: Periodic Payments of Interest With Lump Sum Principal Payment
• Promissory Note: Lump Sum Payment of Principal and Interest at Specified Date
• Promissory Note: Lump Sum Payment of Principal and Interest on Demand by Noteholder
• Promissory Note: Variable Schedule of Payments of Principal and Interest
• Release of Promissory Note
• Written Consent to Action Without Meeting
• Certification of Board or Shareholder Action
• Affidavit of Corporate Decision-Making
• Acknowledgement

Part I: Introduction
Part II: Preparing Resolutions for Loans to the Corporation
Part III: Preparing Resolutions for Loans by the Corporation to Insiders
Part IV: How to Approve Resolutions by Written Consent
Part V: How to Prepare a Certification, Affidavit or Acknowledgment of Corporate Resolutions
Appendix: Print-Only Forms

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