The company will usually be required to give investors certain information every year - e.g., quarterly financial statements, sometimes audited annual statements and a budget - and to give them access to the company's offices and records during business hours. Requiring access to company information is very common, but if the company is very early-stage, you might request that it not be required to give audited financials during the first year.

The company will also be required to give a Management Rights letter to the investors. The letter obligates the company to give investors certain information, allow the investor to "advise" or "consult" the company, and requires the company to meet with the investors throughout the year. The Management Rights letter is required by VC firms so that they can take money from certain institutional investors, and is common. Most sophisticated investor won't agree to fund your company without at least the ability to get involved. Nothing can stop your investors from giving you advice, but it's up to you whether you take it.