As the Private Placement Memorandum Attorney I of course get asked the question all the time…”Do I really need a PPM?”. Best practices require you to give full disclosure to your investors, outlining all the risks of the investment.
I had a client who had raised over a million dollar without a private placement memorandum and was now seeking my help as the SEC was seeking very serious criminal charges against him. After the client had suffer much pain and expense, we were able to get the SEC to settle the case and not bring forth criminal charges. But still the client faces sever civil penalties as a result for not having a PPM outlining full disclosures.
I have immense experience in crafting a custom private placement memorandum and supporting documentation for just about every type of capital raise. Contact me today for a free no pressure consultation. As always, I am willing and able to help you get your venture started off on the correct path.