When borrowing money from family and friends to start a business, it is a good idea to keep the loan arrangements on a professional basis.

Name: When borrowing money from family and friends to start a business, it is a good idea to keep the loan arrangements on a professional basis.
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Question

Quizplus · Accepted Answer

Keeping the loan arrangements on a professional basis helps maintain clear expectations, establishes a timeframe for repayment, and avoids misunderstandings and potential damage to personal relationships.

When Borrowing Money from Family and Friends to Start a Business