Legal Question in Business Law in California

securities law

our company is in the beginning stages of "angel investor" financing. our "advisor" has suggested doing a "friends and family" round of investment in the interim. he mentioned sections of 500-508, section 4.2, etc. i have done some researching, but would like more info or advice on the intricacies of selling stock to "friends and family".


Asked on 3/22/99, 7:47 pm

1 Answer from Attorneys
Jed Somit Jed Somit, Attorney at Law

Re: securities law

You are in a complex area of the law, with potential significant penalties if you err, and an attorney cannot give you a paragraph or two guide. You need to consult

a business or securities attorney with your specific plan in mind: amount to be paid for stock; relationship (both

by blood/marriage and whether associated with you in the past); states of residence, etc.

Jed Somit

Jed Somit, Attorney at Law

1440 Broadway - Suite 910


Read more
Answered on 4/07/99, 12:21 pm


Related Questions & Answers

More Business Law questions and answers in California