Please give me some advice

[Calmsnehal2146]

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Calmsnehal2146
PARTICIPANT
April 18, 2025 at 2:34 pm

So I am 23 and I will be going for post graduation in another two months (PGDM). It will cost about 14 to 15 lakhs so I will be applying for an education loan. Now the issue or the doubt I have is recently my dad approached me telling me that he will be trying to set up a small business or firm mostly education related. He has tried this earlier but it didn’t work. So he mentions about making me a partner in the business by getting my documents like aadhar and pan. I am wondering if I should get involved in this because I have a feeling it could spell trouble for me later with the loan on the sideline, if the firm gets stuck in debt. My dad doesn’t have good financial planning and he has always had issues with it , even now he is paying off credit card loans , overspending issues. So I was thinking if I should stay away from this. Please give me some advice. Will there be any trouble if I get myself involved on paper ?

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[Silentninja9967]

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Silentninja9967
PARTICIPANT
April 18, 2025 at 6:31 pm

If your dad is poor with money management, don’t do it. If the firm or partnership fucks up, you as a partner will also be implicated.

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[Calmsnehal2146]

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Calmsnehal2146
OP
April 19, 2025 at 4:30 pm

Sure I will keep that in mind. Thanks for the advice 😇

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