Any time you accept money from someone else to help your business grow, you should put that relationship in writing. Many a lawsuit has been brought because of misunderstandings about (1) how much would be provided, (2) when the money would be provided, (3) whether there were benchmarks that needed to be achieved in order to receive more money, and (4) how and when the money needed to be repaid.
From Business Week online is this helpful post from Karen Klein on the subject. And make sure you bring in your attorney to wrap up the legal details.
This entry was posted on Thursday, February 21st, 2008 at 1:46 pm and is filed under Partners and Alliances, Financing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.2 Responses to “Paying Back Private Investors”
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February 26th, 2008 at 7:58 am
i’d like to know more about this topic.
February 27th, 2008 at 12:36 am
I would like to receive more information on this topic.