if a business owner adds investors to the business, they first need to:\nupdate the filing with the managing…

if a business owner adds investors to the business, they first need to:\nupdate the filing with the managing government entity who regulates businesses locally\nconsult an attorney to draft proper contracts and calculate the risk investors can introduce\nfigure out how much they can eventually make when they sell the business which will be profitable, for sure\nform a board of directors and relinquish all control of the daily management\n\nin business, the term runway refers to the:\ntime it takes to become profitable\ntime remaining to operate a business before running out of money\ntime required to get contracts signed and secure insurance\ntime it takes to get the product or service to the customers

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