“friends & family”

Post image for Raising Capital from Friends and Family

As access to credit gets tighter in the “new economy,” many business owners may look to friends and family to help them get through the lean times. Friends and family are a tried-and-true source of funds. That said, business deals with friends and family can be enormously counterintuitive. Because you’re dealing with your college roommate […]

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Post image for When Friends and Family Finance Your Business

Don’t get sloppy: Handle transactions properly to preserve your personal ties. You’re ready to launch your new business. Your credit cards are tapped out, you rent your apartment (making you ineligible for a home equity line of credit), your personal credit’s less than stellar and your bank is not interested in lending you money for […]

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Post image for On Business Partnerships and Boyfriends

From the department of “Oh, why not just put a stake through my heart?” came an inquiry from a reader who’s working with her boyfriend in his business. Ugh. Need I say more? It goes on: He’s having cash-flow problems. [Something tells me she isn’t getting paid for her efforts] He’s run the business for […]

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Post image for Why Can’t My Attorney Be My Friend?

Well there’€™s absolutely no reason that she can’t. Many attorneys are fun, interesting, caring people (you have to be, to go into a profession to solve people’€™s problems)! But the “I thought my attorney was on my side . . . until I got the bill” plaint has come up a few times since I published my […]

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