Q: Send the copies of my passport and certificate of incorporation to potential investor ?
I am building my startup and I found an investor for my business (incorporated as LLC in PA, USA). Investor said that the deal will be done on the basis of equity financing. And now he is asking me to send the copies of my passport, certificate of incorporation, memorandum and articles of association.
My question is - is it safe for me to send the required documents ?
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A:
The articles of incorporation, memorandum and articles he should be able to get himself from the Pa Corp Bureau.
Passport?? I would question this.
Nellie T Schulz agrees with this answer
1 user found this answer helpful
A:
I believe you just posted this same question on Avvo, where I answered the question. There is no reason to share your passport info with an investor. If the investor wants to see your Certificate of Organization for the LLC, he or she can obtain that online. The other requested documents, a memorandum and articles of association don't make much sense to me.
Before you send him or her anything you should have the investor sign a Non-Disclosure Agreement. This is critical.
This sounds like a scam. Have you checked out the investor? You may want to run a background check on him or her. Be careful!
1 user found this answer helpful
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