3 ms·
Individuals can loan money to other individuals, no? They can even agree to pay interest if they want, or am I missing something?
by alasdair_ 5y ago
Individuals can loan money to other individuals, no? They can even agree to pay interest if they want, or am I missing something?
- eru 5y agoWhen you are giving a loan to your friend or a business partner, you are not engaging with the general public. Similar, you can sell shares in your business to your friend or business partner, but if you want to sell to the general public, the SEC is interested. (I have no clue whether this distinction is the important legal one here.)