Legal Question in Business Law in Colorado
I have formed a llc in Colorado and have two investors. They are putting in 25k and 40k... With this the 25k wants this invested in the company and given shares where as the 40k will be paid back in 16mos with interest and a percentage of the profit at time of payback. The 40k also wants shares as well. How do I structure this where I can offer shares to them and what is the right amount?
1 Answer from Attorneys
Your first concern is compliance with securities laws. If you don't comply with these laws they have the right to get all their money back plus interest. Moreover, if you don't comply with securities laws you are also violating state and federal law and they can both go after you for further penalties. Retain an attorney for advice unless you want to create a considerable mess. Accepting investments is not something to even consider without professional advice.
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