If you have an angel investor, what forms and documents need to be written and what needs to be filed?

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Entrepreneur, Business Planner and Angel Investor
min read
Opinions expressed by Entrepreneur contributors are their own.
You need to find a local attorney you can trust. They aren't all sharks--it's not nearly as bad as the myth. Get recommendations from local business people and interview prospective attorneys and ask them for clients you can talk to. Make sure the attorney does this kind of work regularly. They specialize, so you don't want a tax attorney, litigator, intellectual property, or real estate. You want one with a focus on small business. Take the time to do this well.

LLC details are different in every state, and in most states they are somewhat different for each LLC. Which forms you need depend on your specific situation, your location, and the specifics of the investor. Don't do this yourself. Work with an attorney.

Tim

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur