Legal Question in Business Law in Texas

I am entering into a business partnership with a colleague to open a Pilates studio. We have clients who are interested in investing in our start-up. Some want straight pay-back and others want to be paid back in discounted services. Our goal is to raise 100K in capital. How do we best create an easy menu of investment options that gets the $ we need with minimum number of investors, weighted toward service pay-back option? Thank you in advance for your assistance.


Asked on 5/26/14, 11:31 am

1 Answer from Attorneys
Steven Frankoff Law Offices of Steven Frankoff

My way of introduction my name is Steven Frankoff, and I have just joined Lawguru. I have a commercial practice that with a strong emphasis on start ups, like yours As to your question accepting investor money is always tricky. There are laws in Texas which were originally designed protect investors, but in fact in your situation can limit your ability to raise funds legally, without risk, and not create a situation where you be exposed later on. Rather then give you a pat answer, which may or not be effective to protect your interests I would strongly urge you call or email me. This will allow me to understand completely and in the individual context of your needs what is you best option, and alternatives.

[email protected] 281 704 6740

This response is not, nor should be construed to an acceptance of representation, it is merely an offer to review your needs and options.

thanks

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Answered on 6/04/14, 1:56 pm


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