Legal Question in Investment Law in Massachusetts

Re: Family & Friends Investment Form for Start-Up

Generically, very small stock offerings in connection with the organization of a business are exempt from state and Federal securities regulation as to the quality and form of disclosure to investors. I would be reluctant, however, to make even a "family, friends and/or angels" offering of stock in a venture which one hopes to grow to the point of seeking external equity financing without the assistance of counsel to make sure even the first round of equity is properly "papered" so that subsequent rounds do not have to reinvent wheels. If you would like to discuss the details of your new company and its financing plan in detail, I could offer more concrete suggestions.