Investing in Son’s Business Could Cause a Real Family

A credit from a relative is the same than an advance from a bank. You, Mr. Investor, are giving your child, Mr. Borrower, the utilization of your cash for a particular timeframe and you completely anticipate that the advance should be paid back under explicit terms, regardless of whether his business goes south. Without a doubt, you will most likely be somewhat more lenient than a bank when the credit goes unpaid, yet the harm to your own relationship could be outrageous and difficult to fix.