I'm Phil and have lurked here for a long time while working on my app, so unfortunately this is only my second post. I just launched my mobile app (solo developer and founder) for a niche but growing market 3 days ago.
So far I've been reached out to by 3 entities all interested in making large (to me) $20k+ investments into the app. I've never launched a successful business and currently am doing this as a sole proprietor. I have no idea how to succeed or even what to do with the investments if I accept.
Any advice for a total noob? Do I need to contact a lawyer and set up an LLC? If I take on investors, how the hell do I value the company properly and again, do I talk to a lawyer about this?