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Reg D / Private Placement — angel investor wants board seat

Started by asking_for_friend_employee_GA · Nov 26, 2024 · 790 views · 4 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AF
asking_for_friend_employee_GA OP

Looking for advice on a legal issue. Here's what happened.

angel investor wants board seat. I've been dealing with this for about 10 months now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

What are my legal options here? Is it worth pursuing?

NH
need_help_renter_advice

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

PJ
Paralegal_Jen

I've seen this play out several times in my field.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

FT
first_time_employee_2022

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

PN
Photographer_NYC

Been there. Here's what I learned.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

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