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I am lending £150,000 to my brother in law to start up his own business. He has no capital of his own to contribute and no equity in his house so all the capital is being provided by me. I am worth a few quid so if it fails then I will not be badly affected (pissed off yes)
Perhaps any business angels out there can help me as I am not an accountant, nor a businessman so me knowledge of this area is skant. Should I lend him the money or should I have an equity stake in the business? If equity, how much? My thinking is all of it as I am taking on the risk and in time he pays me back once the business is making money.
Any other advice you can give would be appreciated.
Perhaps any business angels out there can help me as I am not an accountant, nor a businessman so me knowledge of this area is skant. Should I lend him the money or should I have an equity stake in the business? If equity, how much? My thinking is all of it as I am taking on the risk and in time he pays me back once the business is making money.
Any other advice you can give would be appreciated.
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There's a severe paucity of detail in your post, sir. To offer sound advice one would need to know a great deal more about your brother-in-law and his proposed business.
Purely based on the small amount you have disclosed, however, my sincere advice would be not to lend him the money.
Purely based on the small amount you have disclosed, however, my sincere advice would be not to lend him the money.
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