Chicago, IL asked in Business Law for Michigan

Q: I have an initial investor for my company. We agreed on a higher percentage share in the company for his investment...

since he is the first investor (we are doing a 506 offering). His investment does't cover the full amount I need, so I will still need another investor, but the second investor will not get the same offer terms as the first. Do I have to do 2 separate offerings and 2 separate private placement memo's or can different pricing terms for different investors go into one offering and memorandum? Is there a waiting period if I do 2 separate investments or can the be done at the same time. I don't have the second investor yet, but the initial investor is ready to go. Thanks!

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1 Lawyer Answer

A: Securities laws are complicated. It's not a DIY project. Talk to an experienced local securities lawyer.

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