Be cautious when borrowing from your family

09/10/2013 | Fox Business Small Business Center

Borrowing from family members to launch a business is a common strategy, but it can lead to a number of uncomfortable complications, writes Donna Fuscaldo. To avoid the worst problems, make sure the money is really necessary to get the business going. Also, create a contract and offer a better return to the lender than you would pay to a bank.

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