My question involves business law in the state of: FL.
I've sold a business and financed $100k of the purchase price. I've sent a UCC-1 to the state's UCC-1 registration service and I've paid the doc stamps required for such a note in Florida. Is there anything else I need to do in order to perfect this security interest in the event of a default? Can a secured promissory note or purchase money security agreement be recorded with the county clerk, and is it advisable to do that? Thanks.
I've sold a business and financed $100k of the purchase price. I've sent a UCC-1 to the state's UCC-1 registration service and I've paid the doc stamps required for such a note in Florida. Is there anything else I need to do in order to perfect this security interest in the event of a default? Can a secured promissory note or purchase money security agreement be recorded with the county clerk, and is it advisable to do that? Thanks.
Business Issues: How to Best Perfect a Security Interest
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