How Do I Pay Myself With Startup Money

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How Do I Pay Myself With Startup Money

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Bergie38

posts: 3

Mar 09, 2008 8:15 PM ET Quote Report Abuse

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Hi,

This is a question I`ve thought of for a long time and have never seen asked, so I`m hoping someone can help.

I`ve been thinking of getting back into the self employment world, but have NO startup funds or savings. I`m finally making it in the corporate world, but still feel unfulfilled.

So my question is even if I do raise startup capital and financing, how do I actually pay my bills before I have AR coming in? This could take many months. Does it have to be OK`d by the angel investor? Does this have to be in some form of contract?

Thanks in advance for your time.

-Very Curious

robertj

posts: 1458

Mar 09, 2008 11:15 PM ET Quote Report Abuse

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In general, if your are referring to raising capital through the sale of securities - your compensation would part of the disclosure.

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Bergie38

posts: 3

Mar 10, 2008 7:19 AM ET Quote Report Abuse

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I see. So you`re referring to the filing of an IPO right? I`m not sure if one of my particular ideas would warrant jumping right into that, but it would probably be nice at some point to go public.

robertj

posts: 1458

Mar 10, 2008 9:35 AM ET Quote Report Abuse

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Actually I was not referring to a public offering - although it would be true for that case as well.

The disclosure in a private sale of securities can be done in a formal document called a Private Placement Memorandum (PPM) or can occur during the investors due diligence efforts.

Bergie38

posts: 3

Mar 10, 2008 1:32 PM ET Quote Report Abuse

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Thank you Robert. Do you have an email I can reach you directly at?

robertj

posts: 1458

Mar 10, 2008 2:04 PM ET Quote Report Abuse

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Bergie38,

Sent via Private message.

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