Should You Ever Invest in a Friend’s Business?By Nina Kaufman, Esq.
“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 risk … and the risk to your relationship if it doesn’t work out.
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)