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Go read about investor qualification and why taking on an unqualified investor at an early stage can hurt your company.
by osxwm 14y ago
Go read about investor qualification and why taking on an unqualified investor at an early stage can hurt your company.
- richcollins 14y agoYou're right, you'd have to wait 2 years: have made at least $200,000 each year for the last two years (or $300,000 together with his or her spouse if married) and have the expectation to make the same amount this year."[1] This rule came into effect in 1933 by way of the Securities Act of 1933.[citation needed] You wouldn't for my "even better" option.
- rdl 14y agoIt's different if you're actively involved in the business, vs. soliciting people for investment. It's fine for someone who makes $25k/yr as your security guard, who inherits $50k and doesn't know what to do with it, to buy an extra $5k of equity if he wants.
- rdl 14y agoIt's different if you're actively involved in the business, vs. soliciting people for investment. It's fine for someone who makes $25k/yr as your security guard, who inherits $50k and doesn't know what to do with it, to buy an extra $5k of equity if he wants. (this is not legal advice, I am not a lawyer)