three reasons: first, there is no interest or payment until the funds are used. Second, the principal and interest payment are based on the remaining balance of the loan, thus it is usually smaller than the fixed principal and interest payment the sub- series LLC will pay on a second mortgage. Third, the line of credit is reusable as it is paid down and available when the sub- series needs it. A seasoned Real Estate Licensee is an excellent source of information in this area. Because the entrepreneurial journey transforms the life of every sub-series LLC member, it forces them to develop new skills, acquire new knowledge and introduce them to many outstanding, success-minded investors. If the sub-series LLCs able to survive the journey and succeed, what awaits them is better life for them and for their loved ones. Success means no more financial worries. Success means they can send their children and their grandchildren to the finest schools, giving them a leg up in life. Success means they can help their adult children buy their first home. Success means they can pay for their child’s wedding. Success means they can spend more time with their family at their vacation home. Success means they can help family and friends who are struggling financially to survive. Success means they can use their money to help local charities to do better. Success gives their lives more meaning because of all the good they can do for family, friends, and their community. The journey for entrepreneurs is difficult, but during that journey, they acquire superpowers that never go away. And those superpowers have significant monetary value that pay dividends for the rest of their lives (Corley, 2022).
References:
Business Organization Code, (n.d., Series LLC). Subchapter m. series liability company. Retrieved from https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm Corley, T. (2022, October 31). Uncertainty is a way for life for entrepreneurs. Retrieved from https://richhabits.net/
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