Should You Ever Invest in a Friend’s Business?

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq.

An award-winning small business attorney in New York City, Nina is a sought-after professional speaker and Entrepreneur Magazine online contributor. She is the go-to counsel for knowledge economy and creative companies, delivering legal services and educational resources that save them time, money, and aggravation.

Posted on November 29, 2015 in Business Partners, Money & Finance

Veronica Dagher-NinaKaufman_WSJ WatchingYourWealth

“Neither a borrower nor a lender be,” said Shakespeare (see context below) … but what about being an investor?

If you’re approached by friends and family to provide your hard-earned capital to the next best thing since the Pet Rock (or, maybe, Facebook), what should you ask them before getting involved?

Tune into my Watching Your Wealth interview with Wall Street Journal’s Veronica Dagher. (That’s Veronica, in the red dress). You’ll learn top tips to ensure the venture is worth both your investment riskand the risk to your relationship if it doesn’t work out.

Click here for the online radio segment: http://on.wsj.com/1Siznjs

 

Polonius:
Neither a borrower nor a lender be,

For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry. (Hamlet, Act I, scene 3)

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