I would like to raise $300,000 to make a feature film. I've formed an LLC in California. But right now it is just a single member LLC. What I want to do is offer to two (2) ACTIVE Investors and maybe ten to twenty (10-20) PASSIVE Investors. Most likely all investors will reside in CA and we will not be using crowdfunding sites at all.
I realize that Reg D is tricky, and my question is how much should I expect to pay in legal fees/filing fees to create the OP Agreements, Offering Memos, and disclosures for my Passive Investors so I am not breaking the law?
Let's also say that I am only going to hit up people who have income of 300K or people with 1M or more net worth and no widows, etc...
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