Do you need to be a Director, to invest into a family business in Australia?
Wednesday, March 04, 2015
Doug Constable: In this episode of Doug on Debt: Do you want to help a family member start their business – by investing some money as startup capital? Think twice before deciding to become a director aswell. Savvy investors know that when they put cash on the line (either through shares or venture capital), they have a great chance of never seeing that money again. But since they aren't usually directors, they don't share the liabilities if any debts are incurred. Do your research and invest wisely. If you don't think that the person you're investing in can actually run the business, think again before putting up the capital!
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