By Cliff Ennico “I started a service business earlier this year. I formed a limited liability company (LLC), and I’m the sole owner. Last week I met with an angel investor who is really excited about my idea. He has offered to put $250,000 into my company, some of which I could use to pay […]
When your limited liability company (LLC) starts attracting investors, you will need to adopt a more formal way for people to own, operate and manage the company. Last week’s column suggested some basic changes, including: Adopting a Board of Managers to run the company day to day; Giving owners “units” of membership interest (like shares […]
By Cliff Ennico “My two partners and I started a limited liability company (LLC) a couple of years ago. The business has done great, and we are starting to attract interest from local angel investors. When we put together the company, the three of us signed a very short Operating Agreement giving us equal shares in […]
There’s good news on the funding front for small business start-ups seeking equity capital. A new report from Worthworm, a company that helps investors and entrepreneurs determine the value of start-ups, one in four angel investors expect to increase both the number of deals and the dollar amount they invest in young firms in 2014. […]
One of the questions I get asked most often is: “Where should I go to get the money to start or grow my business?” Indeed, access to capital, especially in today’s economic climate, is one of the biggest obstacles businesses face. But with determination there are ways to overcome what might seem like insurmountable hurdles. […]