Anyone here gone through angel investor wants board seat?

I publish illustrative scenarios prepared by my practice. The participants and conversations are fictional. These are not posts by real users, accounts of client experiences or reports of actual results.
Started by average_joe_27 · May 23, 2025 · 897 views · 4 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
AJ
average_joe_27 OP

Looking for advice on a legal issue. Here's what happened.

angel investor wants board seat. I've been dealing with this for about 13 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but did not get a clear answer.

Do I have a strong case? What should my next steps be?

AI
adulting_is_hard_12

Been there. Here's what I learned.

I demanded to talk to a manager and suddenly they could help/manager. It took 1-3 months but was worth it.

KM
kyle_m_co_35

Real talk: have you tried reaching out to your state's legal aid society? They sometimes have free resources or mediation services.

SR
samantha_r_27

Following this thread — Subscribing to this thread. In a similar spot.

AF
aiden_fire_26

I've formed companies in both Delaware and Wyoming. For a small business with no outside investors, Wyoming is usually better — no state income tax, no franchise tax, and strong privacy protections.