To avoid tax problems with a loan to a family member, be sure there’s a written loan agreement stating the amount of the loan, the interest rate, and the repayment terms. The interest rate ...

If you have any questions about finance or if you'd like to suggest a future topic, email webstaff@wmur.com.A family loan may ... mind before you enter into an agreement. Here are our suggestions ...

A friendly loan is a financial agreement between associates. This type of financing is a friendly loan because the deal is usually made between friends, family, or acquaintances. These types of ...

The concept of a family loan may sound fancy, but it simply represents a lending agreement between family members that involves no bank or traditional lender. A family loan can be for any reason.

This includes suggestions on the ideal interest rates for personal loans and the creation of a promissory note or letter of agreement to avoid misunderstandings between friends or family members.

The goal is for you and your friend or family member to put all loan agreement terms in writing so that no unpleasant surprises derail the transaction. 3. Reciprocate when you can. Remember ...

A friend or a family member is struggling with ... re going to insist on full repayment, draw up an agreement stating the terms of the loan.This is called a promissory note. Why should you do ...

Family loans can provide a cheaper leg up — but they also risk the relationship. Carefully weigh the pros and cons. Many, or all, of the products featured on this page are from our advertising ...

A sole proprietorship is a business owned by a single individual. As the business owner, you can, and most likely will, make loans to yourself to get your business started. When doing your taxes ...