What legal steps should I take when presenting my business plan to venture capitalists in order to secure?

my ideas. (What I am doing is not something that has been done before in the particular way that I am doing it. It is the kind of idea that will have people wondering why they didn't think of it themselves as it is immediately profitable. While it is the 'approach' itself that makes it unique I can not see how this approach could be directly patentable. I am relying on being first to market with it and creating a very strong brand). So what legal options are available to me to secure a business proposal of this nature when sharing it with others?

The first thing you need to do is to get a lawyer and draft an non-disclosure agreement. You'll need the lawyer to help patent and protect your idea.

Creating a Non-disclosure agreement (NDA) is fairly easy and enforceable. Include an NDA on the coversheet of your business plan and keep a copy handy to give anybody you talk to about your plan. Here's a short generic example:

The information contained in this proposal is intended only for evaluation by GIVEMEMONEY Bank or its agents for the purpose of consideration of a commercial business loan with MYBUSINESS, Inc. MYBUSINESS considers all information contained herewith to represent trade secrets and confidential business information. No part of this document may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying and recording, or by any information or retrieval system, except as expressly related to the evaluation process performed by GIVEMEMONEY Bank and permitted in writing by MYBUSINESS, Inc. All requests should be sent to Attention: President, MYBUSINESS, Inc, 1234 Someplace St., Anywhere USA

Good luck

First off, investors typically don't want to run the business. That's not to say you don't need to be careful. I would take it to a lawyer but if you'd like a low tech, cheaper approach try writing your idea and postal mail it to yourself. Then DO NOT open it unless you have issues. Then you have proof that you had the idea, then shared it with someone else.

As an aside, I never had luck with VCs. They want majority shareholdings. Is there anyway you could go it alone?

Best of luck!

can you leave some key detail out and reveal it only if business deal goes through? in general if you can't patent the idea it could be a tough sell and tough to get any protection for. could you think of some creative patenting? angel investor you could trust (is it an oxymoron?) could be the best bet. if you need to establish a priority date on your idea, if not for legal protection then at least for your own comfort, you could send you proposal to yourself via registered mail (don't open it though).

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