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When you take money from family, you have to feircly manage expectations. Your family may not quite grok what "investing in Junior's company" means. The most co
by noonespecial 15y ago
When you take money from family, you have to feircly manage expectations. Your family may not quite grok what "investing in Junior's company" means. The most common mismanaged expectation is that it's a kind of loan and they expect to be paid back in relatively short order.
Even with family, put it in writing. And always be willing to sacrifice nearly everything to just "pay it back" if you want to prevent a potential permanent family schism.