Legal Question in Investment Law in New York
friends and family investing
Should I invest 5,000 dollars in a small computer repair company called Technophia? What are the risks? They say I will at least get six per cent on my money. They plan to sell the company in three to five yrs.
1 Answer from Attorneys
Re: friends and family investing
The investment in the company depends on your perception of the validity of the investment, the potential for the return, the ability of the company to pay any promised returns and if the company is offering equity or debt in place of the investment.
Also you should consider your ability to lose all of the money invested. If you can not handle a total loss of the funds, then dont invest. If such a loss is not harmful to your way of life and your financial well being then you can consider it along with the items noted above and other research and knowledge you have of the investment.
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