How a Consumer Hired a Lawyer to Draft a Master Promissory Note in Wisconsin

In 2025, a personal client in Wisconsin sought assistance in drafting a Master Promissory Note to formalize a loan of $200,000 to a friend for business expansion. The client aimed to create a solid document that would safeguard their investment while clearly delineating the terms of the loan, including a non-partnership clause, guaranteed returns, and provisions for beneficiaries in the event of their passing. Additionally, the client wanted assurance that their friend would be personally liable for repayment should the business fail. As a result, the client received seven proposals from qualified lawyers, with flat fee bids ranging from $450 to $1,000, all submitted within the requested deadline of one week.