When selling securities, the issuer has an obligation to give investors all of the material facts they need to make informed consent.
Many founders are looking for the shortest path to funding.
It’s natural to want to avoid any steps and costs that seem unnecessary. While it is true, an attorney isn’t required for a PPM or a Form C, the DIY approach can be less efficient, will limit who can invest in your offering, and may expose you to unwanted risk.
Because the Securities and Exchange Commission (SEC) will be reviewing your PPM or Form C, having an attorney working on your behalf can potentially reduce the level of scrutiny and stress involved.
The professionals at Syndication Attorneys offer details into why it is a good idea to have experienced legal advice when drafting a PPM or preparing a Form C application.