Best way to approach family to invest into your business

[Corey Kenney]

Can someone tell me what the proper way to go about this is? I'm thinking complete breakdown and analysis of my business model and what I plan to do with the money. I would explain what average returns are even with top performing stocks and retirement accounts and how I would double it. Most people don't understand it and wherefore get discouraged so I don't know what is an appropriate amount of information. What should the contract look like and do I pay a lawyer to draw it up? This could be the difference between me paying 20% with a HML or paying 12% with this said person or any other person for that matter. Thanks for the help in advance!