Smart Answers

Q: Can I can sell stock in order to raise money for my startup? --H.A., Lancaster, Pa.

A: In terms of offering equity to the public within regulations, the answer is generally no. But many entrepreneurs raise money by selling a percentage of their startups to friends or family. Such deals are more akin to "angel" investments than to typical stock offerings. And you will need an attorney to draw up some formal investor agreements.

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