Starting a Business? Seeking Financing? Here is a Rundown of the Necessary Documentation.

Starting a Business? Seeking Financing? Here is a Rundown of the Necessary Documentation.

If you are starting a business and seeking financing, you are going to need the proper documentation to ensure long term viability. Below is a brief list of the documentation you will need to keep your start-up legal. It is important to remember that you need to comply with all SEC requirements no matter what kind of company you are, and this post is only about the minimal documentation you need. For more information, please review this LawTalk blogpost on our Early Stage Services.

1. Investor questionnaire: Each investor must sign this to certify that he or she is an accredited investors under the SEC’s definition.

2.

Subscription Agreement: This is the agreement by which the investor purchases his or her shares.

3. Operating Agreement: This is the agreement drafted later which controls ownership and management of the company. Once this is written and signed by the investor, their unit certificate needs to be sent to them.

4. Capital table: This is a single document that helps us keep track of interests in the company that each party who owns, or to which they are entitled.