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VC Deal Negotiation — equity crowdfunding portal comparison

Started by objection_your_honor_28 · Apr 22, 2024 · 1,972 views · 3 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
OY
objection_your_honor_28 OP

Quick background on my situation — any input appreciated.

equity crowdfunding portal comparison. I've been dealing with this for about 9 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but did not get a clear answer.

Should I hire a lawyer for this or try to handle it myself?

JU
justmyopinion_19

Yeah just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long tbh.

BK
brianna_k_7

I've formed companies in both Delaware and Wyoming. For a small business with no outside investors, Wyoming is usually better — no state income tax, no franchise tax, and strong privacy protections.

HC
hank_crypto_8

For anyone doing a Series LLC: be aware that not all states recognize them. If you're operating in a state that doesn't recognize the series structure, you might not get the liability protection you think you have.