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Get It in Writing

If your family decides to invest in your business, you'll need a contract.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

When borrowing from friends or family, don't forget to put it in writing. Make sure it's clear exactly how much money you need, what you'll use it for and how you'll pay it back. And draw up a legal agreement stating that the person will indeed put money into the business.

Excerpted from Grow Your Business

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