| Forum Home > Investing > How do I structure an investment deal with an investor with my LLC | ||
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Site Owner Posts: 1 |
I own a housekeeping service I want to use OPM (other people's money) to fund my business. I purchased a coffee shop several years ago, and while it was a great idea, the anchor store my location was attached to closed so I had to close and I lost a lot of money. This time around, I learned and won't be sticking my neck out all the way without other people's necks at least half way out as mine lol. We have been in business for a year now with great growth and a need is definitely here. I am creating a business plan. the Marketing methods I have used are all free or relatively cheap and it has rewarded me with steady business. I thnk if we were to spend money on marketing our brand we could get a lot more customers Plus we are operating in two markets. I want to be able to structure a deal for people who want to invest in my business. Of course, I'm running an LLC, not a C Corp so I can't do any IPO or anything like that. My problem is I don't know how to structure an investment deal: do I structure a repayment plan like a loan, with interest? Do I ask for the money in increments like an investor promises $10k over a year but to be given at $2500 per quarter with an expected return of $2000 after two years? PLEASE help! reccomend me a good book about getting investors without involving a million expensive lawyers. I want to be very basic. I just want to be able to show how our business has performed over the past year, show our business plan and ask for their money. I want to avoid loan-backing my business. I don't want to ever bankrupt myself or anyone else again. | |
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