Should families be involved in someone’s small business?
Answer:
Family support is evident in many small
businesses. This is a most critical natural support and is traditional
in America, and across the globe. Families hire sons and daughters,
make them partners in existing businesses; launch new enterprises
with them, or otherwise loan or give them money to support a start-up
or expansion. Many American families send their non-disabled children
on to college with savings they put away over 20 years. Similar
planning and saving should be a part of any family that can afford
such expenditures.
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- The VCU-BARC Self-Employment & Social Security Pages
have been developed in conjunction with Griffin-Hammis
Associates, LLC. The contents do not necessarily represent
the policy, interpretations or opinion of the Social Security Administration
(SSA). The information contained here is intended to inform readers
of issues that may affect Social Security and/or other public assistance
benefits. Because individual circumstances differ, the reader should
not rely on any information here as being specifically applicable
to an individual's situation. Readers are encouraged to contact
a BPAO benefits specialist to discuss her or his specific situation.
