In-House Financing Program Structural Steps: The Basics
Setting Up Your Financing Entity
Once you, as a product vendor, decide to develop a product financing activity, you will need to decide where the financing activity will be based and whether it will be operated out of a separate affiliated company or your existing company, as mentioned in Chapter 4. Generally, any internal considerations aside, it should be set up in a separate affiliated legal entity. Doing so isolates your main business from any financing or financing-related liabilities that may arise, such as any transaction debt obligations or equipment-related liabilities from personal injury lawsuits. There are various organizational structures that can be used, discussed ...
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