If you raise funding without the assistance of a lawyer you will be inviting litigation. Issuance of securities pursuant to a permit or an exemption from requiring a permit, and any offering memoranda are very strictly regulated.
Filing the Articles of Organization and Statement of Information and getting a form Operating Agreement are not difficult. Everything else is.
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We can offer LLC formation for a very affordable flat rate, however we do not do deferred fees that are contingent upon successful series financing.
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While I don't defer fees, I am going offer a free observation that you may find helpful:
Any entrepreneur who intends to find investors - especially institutional, such as VCs - should form a corporation rather than LLC. CA VCs almost never invest in LLCs.
This information does not constitute legal advice and does not establish an attorney-client relationship.
A number of firms in the Bay Area have programs specifically targeted towards startups and will defer fees until funding. You generally pay for the privilege of deferral in either relatively high fees or in giving up some equity. Either way it can be costly down the line.
I'd be happy to speak with you about your company and see if I can make any recommendations for a firm that might be a good fit. I spent four years recently in S.F. at two funded startups and know the area fairly well.
Feel free to call my office tomorrow if you'd like to chat.
I am not a family law attorney, and suggest that you consult with one to get additional details on your specific situation. All answers are for general purpose only and do not establish an attorney-client relationship.