How a Business Hired a Lawyer to Draft a Promissory Note Agreement in Georgia

In 2025, a business in Georgia needed assistance drafting a legally binding promissory note to formalize an agreement between two LLCs. The document was to include specific terms such as a principal sum of $20,000, an interest-only payment structure over six months with a 12% interest rate, and provisions for a lien on property in the event of default. The client also required a witness signature and notarization, emphasizing the need for a quick turnaround time of less than a week. As a result, the client received eight proposals from licensed lawyers, with flat fee bids ranging from $350 to $1,100, all aimed at meeting the requested deadline.