Question
You are fortunate to have family and friends who wholeheartedly support your plan to open the soccer shop, and they have confidence you will
You are fortunate to have family and friends who wholeheartedly support your plan to open the soccer shop, and they have confidence you will succeed. Your father, Aunt Valerie, and friend Shen all want to loan you money to get the shop started. Before accepting their offers, which of the following should you consider? Check all that apply. It is not wise to mix family and business by borrowing money from relatives. By loaning you money, your father, Aunt Valerie, and Shen will become part owners in the business. It is easier to obtain money from family and friends than from a bank, if they are able and willing to loan it to you. Family and friends are a common source of funding for new businesses.
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
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