Ask The Business Lawyer

Not all business partners are actively involved in a company's day-to-day operations.  Call them "passive investors," "angel investors," or "financial partners," it all comes down to money and wanting a return on the investment.  As an example, Sequoia Capital, which provides capital and investment opportunities, has a checklist/outline on its site of what it likes to see from the companies seeking capital, especially the contents of the business plan.  When you take on investors, these people become your partners -- they have expectations they'll want met.  And you'll want to be sure that you don't disappoint. 

For INC Magazine's list of angel investor networks, click here!