How to start a lending business LEGALLY?

[chadix24_7]

need tips and info. Thanks!ü

[ellakylamarie]

applayan nimo ug biz permit

[pogy_uy]

1M paid up capital. Must be a Corpo.

[ellakylamarie]

1M paid up capital. Must be a Corpo.

unsay must be? di diay pwede sole prop. kon 1m ang capital

[pogy_uy]

new directive from the SEC. wala nay sole. You can always have dummy partners for a corpo. Check their website bro.

[ellakylamarie]

new directive from the SEC. wala nay sole. You can always have dummy partners for a corpo. Check their website bro.

aw mao bah?

[ellakylamarie]

@uy...wud it mean kani mga gagmay na lenders di na ka operate legally?

[pogy_uy]

technically, they can't operate. but we can always call it as Personal Loans. Between You and the Borrower. Every owner of a lending company started small somewhere one point in their lives.