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We have a startup with some interested investors - (friends, family, etc). We have a C - Corp structure. We want to take in some of these investments - problem is that we have spoken to 2 lawyers and we haven't been able to get a clear answer how to structure it. I.E. What exactly to we give the investors, Stock purchase agreement etc...

We are a 3 person team all with equal shares. We have a prototype product, but we need the capital to finish it up, programming, graphics, marketing etc...

Can anyone offer insight on how to take in these investments as a C-Corp. I am talking investments totaling approximately 2 to 300k from multiple investors (probably no more than 10 total, but possibly more).

Thank you kindly for any insight.

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1 Answer

  1. Fire those lawyers

  2. Try venturehacks (http://venturehacks.com/ and http://venturehacks.com/archives)

  3. Find new lawyers

Good luck

let us know how it goes

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I've gotta agree. If, between two lawyers, you still don't know what to do, they're not the ones for you. Find new ones. – rbwhitaker Feb 28 '12 at 18:41

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