Friends & Family Loan Terms & Skills

Friends & Family Loan Terms & Skills Relatives and buddies may be a great supply for startup funding. You likely won’t want to pay the gift tax on that amount of money while they may be willing to donate the money to your startup. Alternatively, you'll format it either as that loan or perhaps you can offer them stocks of the company. Unless your family and friends are sophisticated investors, using cash as financing is normally cleaner than offering them a share for the company...