I have a company I that I started about a year ago. I have 6 investors that are interested in the company. I have a very comprehensive business plan and an equity partner.
The problem: When I was a minor I was arrested and put in California Youth Authority for a homicide crime. I was released when I was 22. Because I was 14 when it happened I do not have a criminal record. I turned my life around and now have a wife and kids and a BA.
My partner is not aware of this and I am sure that if the investors do their due diligence
they may somehow find out about it. Should I inform my partner now and let him know? Should I assume that no one will find out and push forward?
My fear is that if I tell them about it they will not do business with me and I may even lose my business partner. I am not worried about how I will be judged, this is strictly about the success of my business which several investors have expressed interest in.
If I do tell them (which Im leaning towards, because its the honest thing to do), when is the right time?
Please give me your opinion on this matter.