Posted: Sep. 19, 2018 12:01 am
Dear Dave,
My husband started his own one-man, small business as a handyman a little less than a year ago. He has netted $17,000 in that time, but the business has about $13,000 worth of debt. We’ve always kept personal finances and business separate, but what would you think about us selling one of our paid-for cars to help with the business debt?
Robin
Dear Robin,
There’s nothing wrong with small beginnings. On top of that, you should always keep your business and personal finances separate. Aside from the debt, it sounds like he’s off to a good start.
I think you’ll be able to pay off the debt from your future income. If your husband started his bus…
Read the full article at: https://www.njherald.com/20180919/sell-personal-car-to-help-pay-business-debt
