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I have an angel investor who wrote a $10K check asking for a detailed business update and K1. Is there an authoritative resource that I can point him to that'll explain a $10K check don't get detailed informational right?

K1 (which isn't relevant for C corp)

Mia Scott avatar
Written by Mia Scott
Updated over 4 years ago

It would be noted in the documents he signed. If he did not ask for information rights and it is not included in the documents he signed, you can just point him to the docs and say that given the docs and to be fair to others, you will not be providing these things. However, you’re happy to give him a general update in your next monthly update or hop on a call to give him an update.

That’s why having monthly updates for your investors is a good thing, puts everyone on the same playing field.


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