>set up a limited liability company (literally free in my

>>1435787
sounds illegal

>>1435787
Because no-one will lend you money without collateral, dickhead.

>>1435787
>set up a limited liability company (literally free in my country)

impossible

>>1435792
Or without a business model

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>write awesome business plan
>get a loan for a few million
>take the money and go to belarus

Why won't this work?

>>1436671
people don't loan you money because you wrote a good business plan.

that would be silly.

they also don't usually just give you the whole business loan at once, that would be even sillier.

>>1435787
try it and find out if itll work. everyone on biz wants to nitpick shit to death and never wants to try to actually do anything. juat try it and find out op!

Not knowing what country you're in complicates a response, but on the face of this I can't quite point to the exact laws and issues. It feels like fraud, but I'm not exactly sure against who and where. I can't even tell you if there's civil or criminal issues, or both.

If you had shareholders, and you deceived them about what you're doing, that would be an issue, but you don't. Possibly loan fraud, at a criminal level, but I'm not sure of the details of a business plan changing post disbursement. Your post is incriminating, but if you just go and appear to make a full effort at your business plan, but then something stops it, it would make sense to do something with the cash while you're holding it waiting for your business to continue, you wouldn't be the first company that invests their cash that's just laying around.

I guess the biggest point is that the protections of an LLC aren't quite absolute as you think, it's possible to pierce the corporate veil. You'll also need some collateral, which as a single member LLC might wind up requiring pledged personal assets. Still, not equal in sum to the loan, so you come out ahead.

Also, I'm not sure what the lending environment is for you, but a small (under 100k) business loan for a startup business is going to run 9 to 10%, especially when you consider the dual tax structures you would be under. That's actually challenging to beat in the current market consistently, so maybe that's the real point of failure of this plan.