My parents are taking out a home equity loan to lend me money to start a business, does anyone get taxed?
Felt B. asked: I’m looking to open a shop and my parents offered to lend me some money to help out. They are taking out a home equity loan to lend me about $35,000 to $55,000. I agreed to pay them back. Because they are taking out a loan do they have [...]
September 13, 2008
• Tags: Money To Start A Business, Parents, Pay Taxes, Start A Business, Start Business • Posted in: Personal Finance • 3 Comments
Why is it if a parent signs a bank loan for a 17 yr old and he won’t pay the parents have to pay “But” when?
Erudite#1 asked: But when they sign for the 17 year old to go into the Marines and he doesn’t go why is it the Parents don’t have to serve in the Marines. After all they signed for him to go in the Marines. So if he can’t finish his 4 years shouldn’t the parents be [...]