Legends Rising > Businesses Rules > How to Begin
How to Begin
HOW TO BEGIN:
Access the Business Listings
In the Legends Rising Discord, you can find a comprehensive list of available businesses along with their prices and current availability County Businesses. If you're interested in purchasing a business, simply fill out our Business Application form!
Application Cycle
Our Realty Team follows a weekly cycle for processing business applications:
- Monday to Wednesday: Applications are open.
- Thursday to Friday: The application period closes, and applicants will be contacted to schedule in-game (IC) meetings.
- Saturday to Sunday: IC Meetings take place, and ownership is granted.
This streamlined process ensures that players can smoothly transition into business ownership whenever they're ready, without having to wait for extended periods.
BUT WHAT IF I'M SHORT ON CASH?
No worries! Our Business Loan Calculator is available to help finance your business venture. Here are the key points to note:
- A down payment of at least 20% of the Business Sell Price is required when applying. No additional loan will be given for the 20% down payment. Applicant should be ready with down payment during IC meeting.
- All borrowed funds will incur a 10% interest rate, resulting in the Total Owed amount.
- You'll have 6 scheduled payments to repay the borrowed amount (Total Owed / 6).
- Loan payments are due on the 15th of each month and can be collected from business ledgers either in person or automatically.
- Missing a loan payment due to insufficient funds will result in repossession of the business.
- The first loan payment will be scheduled at least 7 days after the date of purchase.
WHAT'S NEXT?
Once you've secured ownership of your business, it's essential to:
- Taxes are due/paid by the 1st of each month
- Maintain your storefront's inventory to retain ownership. Failure to stock inventory or pay taxes promptly may lead to repossession.
- Hire staff, advertise, host events, set prices, and collaborate with County Staff to create unique products.
- Realtors will regularly check inventories, and businesses with consistently low stock may be repossessed.
REGULAR AND SPECIALTY ITEMS:
Businesses have the flexibility to suggest and create the items they sell, tailored to their specific type of business. You'll initially receive a set of specialty items, with the option to request additional recipes for a small fee. However, it's essential to be mindful of your capacity to keep up with demand.
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How to Begin