Should i invest my money in to my brother in-laws business? He needs cash to pay vendors and taxes. He needs a minimum of 300k. He has been struggling to do bad business partners. His business makes money. It is just a hard one to get financing for. No it’s not illegal.
I think you’re in quite the predicament but one worth of some thought. This issue provokes thought because your brother-in-law can not get a loan. How is this going to effect the economy of your life if you do give the loan to your btoehr in law? Will you shave some points off the top for profit if you do eventually get paid back. Also he is not your brother really only by law. Does the law apply here? I’m no lawyer and you have to ask a certified one for that answer.
The best bet would be to call a lawyer, find out if this is really your brother or just brother in law. In either case ask the lawyer if it is a worthy investment. He may have some friends in banking or in some business who have loaned to their brothers or brother in laws in the past. You really want to get a handle on this situation before investing into that because he is probably your brother but only by law. Good luck on your endeavors my friend!