5+ Convertible Note Template

Convertible Note Template for Legal Usage and Other Types of Business

A convertible note template is often used by brand new companies or by those who have just launched a new business. This kind of document is basically a statement that contains the list of things or asset that can be converted into debts in the future. For short, this document is called the debt investment at some point. Learn more about it and get the template below.

convertible note template example word design

convertible note template example word design

 

What Is Convertible Note Template?

The note is the one containing the list of assets that a company may use later on as a debt investment. They are including:

  • Building
  • Savings
  • Heavy machinery

convertible note template free download word

convertible note template free download word

 

The templates allow you to get them right and to print them very easily. Once you have made the document, simply legalize them and then put it in your document listing.

When Would You Use A Convertible Note?

The note is usually needed when you establish a new business. The government needs to know exactly what asset you have and what potential the business has eventually. When you are asked to list your asset and debts as well, the convertible note is just have to be one of them. This is the reason why you should always have the convertible note template at the ready.

convertible note template free word template

convertible note template free word template

 

Who Can Issue A Convertible Note?

The convertible note needs to be made by those who have authorities. In small business, usually the owner will get the document and then ask some attorneys to get the document legalized or notarized. However, in bigger company, there will be some legal teams in there and they are should be the one making the note and having the notes legalized immediately.

Can You Make Convertible Note In Word?

Sure you can. Word is like the only comfortable program to use when it comes to making document. So, you can always make on with Word. Use the template with doc format and you can open them in Word. What if you have no template? Well, it means you have to make one on your own by starting to insert some tables and fill them up with the asset and debts list.

convertible note template template free word

convertible note template template free word

 

What Is The Best Format For Convertible Note?

Doc is the best format, without a doubt. It is the one you can easily use and print as well. However, if you cannot find one in doc, you can always opt of PDF. This kind of format is more reliable as well when it comes to gadget. This format can be opened in phone and tablet easier. Depending on which one you prefer, simply choose any of them.

convertible note template word template free

convertible note template word template free

 

It is very tricky not have any debts as well as investment in a business. Considering how important it is, make sure you know everything about making investment and debts as well. They both have to be balanced and well-taken care of. The document is one of the ways to take a good care of them by putting them into account. This is why convertible note template just should be there.