How to raise money through FFF

I see this question repeat itself amongst entrepreneurs when they have never raised money and they start with FFF financing. Apparently this type of financing may seem straight forward because those lending you money are "people you know and trust" but please get legal advice before engaging in any kind of financial investment!

Those investing in your business may want answers to certain questions that I reccommend you know the answers to before receiveing a single dime:

1. What are the accounting & tax implications you must be aware of?

2. What is the ROI ?

3. Are you giving shares of your company to them? If so, under what circumstances (when) and how many?

4. Will there be a written contract with each investor? If so, are you tying yourself too much too soon ?

5. Are you using crowd funding platforms for FFF or not? What are the terms you agree to when using these platforms?

Contact me if you feel identified with the above, im sure I can help you :)

www.mplegalservice.com

[email protected] +34676002427