What is the name of your state? TX
We are in the process of finding investment for an LLC. I understand, that we cannot pay commission to anyone who puts us together with an investor, but who is not a licensed broker.
What if that person owns a part of the company?
My understanding is that equity in the company also cannot be contingent upon brining an investor - in this case equity is a form of a commission. Right?
But is it legal to give a person a part of the company upon promise or representation of a potential to bring an investor?
We are in the process of finding investment for an LLC. I understand, that we cannot pay commission to anyone who puts us together with an investor, but who is not a licensed broker.
What if that person owns a part of the company?
My understanding is that equity in the company also cannot be contingent upon brining an investor - in this case equity is a form of a commission. Right?
But is it legal to give a person a part of the company upon promise or representation of a potential to bring an investor?