1000130143 2017-09-11T15:07:38-04:00 1000228866 false Legal 7 2017-09-25T13:51:32-04:00 1 1 2017-09-11T15:08:04-04:00 1 4 Fundable is not registered as a broker or dealer. Our company does not meet the definition or either a “broker” or a “dealer” as defined under Section 3(a)(4) of the Securities Exchange Act of 1934, as amended. With that being said, Fundable users are still strongly advised to seek independent legal counsel regarding regulatory compliance in using Fundable. <p>Fundable is not registered as a broker or dealer. Our company does not meet the definition or either a “broker” or a “dealer” as defined under Section 3(a)(4) of the Securities Exchange Act of 1934, as amended. With that being said, Fundable users are still strongly advised to seek independent legal counsel regarding regulatory compliance in using Fundable.</p><p><br></p> 1000228866 788 1000254369 2017-09-25T14:05:33-04:00 1012906656 1 2 1 4 Is Fundable registered as a “broker” or “dealer”? 2017-09-11T15:08:04-04:00 1012906656 1 2017-09-11T15:08:45-04:00 1 0 You will not need to make any additional filings if your company uses Fundable. However, whether you use Fundable or not, you may still need to make certain filings with the government. While we'd love to be able to say with certainty what legal filings will be necessary - it varies from raise to raise and state to state, depending not only where you are based, but where the prospective investors are based.  The best advice we can give you - while not what you want to hear: Ask a lawyer.  <p>You will not need to make any additional filings if your company uses Fundable. However, whether you use Fundable or not, you may still need to make certain filings with the government.</p><p><br></p><p>While we'd love to be able to say with certainty what legal filings will be necessary - it varies from raise to raise and state to state, depending not only where you are based, but where the prospective investors are based. </p><p><br></p><p>The best advice we can give you - while not what you want to hear: <strong>Ask a lawyer.</strong> </p><p><br></p><p><br></p><p><br></p> 1000228866 800 1000254370 2017-09-25T14:05:49-04:00 1012906656 1 2 1 0 Does my company need to make any additional filings if it uses Fundable? 2017-09-11T15:08:45-04:00 1012906656 1 2017-09-11T15:09:16-04:00 0 1 Your Fundable Profile will not likely to constitute “general solicitation” so long as you avoid including predictions, projections, forecasts, valuations, opinions, or language to solicit an investor in your Public Profile.  For a more thorough explanation of general solicitation, check out the SEC's explanation here. <p>Your Fundable Profile will not likely to constitute “general solicitation” so long as you avoid including predictions, projections, forecasts, valuations, opinions, or language to solicit an investor in your Public Profile. </p><p><br></p><p>For a more thorough explanation of general solicitation, check out the SEC's explanation <a href="https://www.sec.gov/info/smallbus/secg/general-solicitation-small-entity-compliance-guide.htm">here</a>.</p> 1000228866 651 1000254371 2017-09-25T17:21:44-04:00 1012906656 1 2 0 1 Will my company appearing on Fundable constitute “general solicitation”? 2017-09-11T15:09:16-04:00 1012906656 1 2017-09-11T15:10:10-04:00 0 0 Not necessarily. New investors sign up to use our site every day. We collect some information from them when they do, but it may not be enough to create a pre-existing relationship. It is recommended that all issuers proceed in accordance with SEC standards. <p>Not necessarily. New investors sign up to use our site every day. We collect some information from them when they do, but it may not be enough to create a pre-existing relationship. It is recommended that all issuers proceed in accordance with SEC standards.</p> 1000228866 626 1000254372 2017-09-25T14:07:16-04:00 1012906656 2 2 0 0 Does Fundable have a “pre-existing relationship” with the investors on its site? 2017-09-11T15:10:10-04:00 1012906656 1 2017-09-11T15:10:42-04:00 0 7 Creating a Fundable profile is a great place to start, but investors may request more information before deciding to make an investment. When going through due diligence, investors typically review operating agreements or corporate by-laws, financial statements, customer and supplier agreements, patent applications, etc. If they like what they see, you’ll eventually need to draft transactional documents such as stock purchase agreements or promissory notes. Creating a Fundable profile is a great place to start, but investors may request more information before deciding to make an investment. When going through due diligence, investors typically review operating agreements or corporate by-laws, financial statements, customer and supplier agreements, patent applications, etc. If they like what they see, you’ll eventually need to draft transactional documents such as stock purchase agreements or promissory notes.<p><br></p> 1000228866 685 1000254373 2017-09-25T14:07:35-04:00 1012906656 3 2 0 7 Do I need more than a Fundable profile in order to start raising capital? 2017-09-11T15:10:42-04:00 1012906656