Much better read the SEC about this if you want to make this project legal check this link below
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https://www.sec.gov/ICOIt's not easy to make them legal you need to be familiar with regulatory requirements and follow SEC regulations.
And I think about your question I think you will need an official paper or white paper about your project because they will review what you are planning about your project.
I understand that this only applies if the company is located in the US? or is it always necessary?
We want to contact companies that are already in the sector and would surely agree to an investment / partnership.
but we don't know how to do this legally since we are all developers.
Join Crunchbase, where you'll find a lot of crypto investment organizations who are ready to go all in, on a new innovative concept.
Should we first create the company, and then ask for funds from them and declare those funds as profit?
Or will they simply not ask for any official paper of our company and will make the investment in our tokens?
Yes, you have to create the company first, website, etc. Bur, If you want to build trust between you an early bird investors an official paper ought to be involved but Crunchbase act like a middleman and give you access to the thing that will help you if you're a full member of their platform
Thanks mate, I didn't know about crunchbase and it seems like a good source of information
hello, I have a team of developers working for a project related to cryptocurrencies.
We are almost done with the whitepaper, which includes at least 30 pages + images of the platform, functions, db, data relations, smart contracts etc.
It is a project in which we have a lot of confidence, but we need investment to be able to start. We want to contact companies that are already in the sector and would surely agree to an investment / partnership.
but we don't know how to do this legally since we are all developers.
Should we first create the company, and then ask for funds from them and declare those funds as profit?
Or will they simply not ask for any official paper of our company and will make the investment in our tokens?
There are many implications depending on how you conduct your business, and where it's located.
One area that you have to look is if you're allowed to operate legally in your area with whatever you're offering. No idea where you guys are or what you're doing, so you need to figure this out first.
The other area is financial. Basically there are many different types of companies that you can create, depending on the country you are. Each one comes with different pros and cons.
I recommend you to contact someone that can help you locally as rules are different everywhere. Check out your local tech startup scene, they usually have people there that can help you out with these kinds of questions.
So let's suppose that we create the company in Portugal, where there is hardly any regulation for cryptocurrencies and it is as if they did not exist at the moment. could you make the sale and then just declare it like other companies do? such as a sale or an exchange of currencies. would this work?
In addition, we are from Europe and it is easy to create an online company anywhere in Europe having the e-residency.
EDIT: Do you know what type of legal information We would be asked by the different investors and investment platforms (for example: crypto.com capital)?
