So lost in the legal aspects of partners.

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Hi everyone,

I must say that I am completely lost with all of the legal aspects of bringing on a partner into a deal.

I have heard multiple times that you shouldn't deal with investors who are not accredited. I also know that there are SEC laws that regulate how you are able to find and contact investors. The problem is that I don't really know the rules of this type of stuff and I want to make sure that I fully know what the rules are before I even attempt to contact investors. The last thing that I want to do is to break an SEC rule or law on accident because I don't know!

I have a family member who has expressed some interest in partnering on a deal but this person does not have $1,000,000 net worth or a $250,000 yearly income so what does this mean for me? Does it mean that since they aren't an accredited investor that I can't do anything with this?

As you can see, I am very, very confused on how this process works legally. Am I even close with this or am I making it harder that it really is?

I really hope that this question/concern isn't too vague. As my profile states, I am a beginner and I am just trying to learn as much as I possibly can and I know this is a very important area I need to learn.

If you have any information or maybe a source that could help me better understand all of this I would GREATLY appreciate it!