For Subscribers
利用启动资金的朋友和家人Make sure you cover your bases before accepting a loan or investment from a friend or family member.
ByCliff Ennico•
Opinions expressed by Entrepreneur contributors are their own.
Q:I'm planning to start a retail boutique. I have some savings but not nearly enough to get the business off the ground, and my credit isn't good enough to get a loan from any local banks. A favorite uncle has offered to give me some money to help me get started. Do I have to do anything "legal," or is it OK to just take the money?
A:With the economy in the grips of a major recession and credit crunch, many entrepreneurs have little choice but to tap friends and family members for their startup capital. But that doesn't mean you should treat them like "friends and family."
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Unlimited access, including premium content
- No ads
- Subscription to狗万官方magazine
- Four free e-books a year
- Subscriber-only events with our experts
