Zoocap

Many young entrepreneurs of today look to their logical first choice for their initial invesment: their parents.  Before you jump to assist your children, make sure you consider all implications including loan terms, alternatives, and legal implications. First, make sure your child’s business plan is a sound one. “Without taking away from their ideas, try to understand how serious they are about starting a business, says Paul Kedrosky, senior fellow at the Ewing Marion Kauffman Foundation in Kansas City, Mo., and venture partner at Canada’s largest venture-capital firm, Ventures West Management Inc.” Make sure to put your deal in writing, with specific terms, interest, and a repayment schedule.

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