Pricing
Flat-Fee Venture
Fund Formation
Five fund types. Fixed pricing. Documents, formation, and Delaware registered agent — all in. Add a Regulation D-compliant PPM for a flat additional fee whenever a private placement memorandum is required.
Each package below is a complete documentation, formation, and first-year registered-agent engagement. PPM drafting is available as a flat-fee add-on to any package when a private placement memorandum is required by your offering structure or investor base.
Fund agreement— Limited partnership agreement (LP) or LLC operating agreement, drafted on our default terms (see fund-by-fund detail below)
Master series structure where applicable— For master/series products (Syndicate, Master/Series SPV, Rolling Fund), one master agreement plus one initial series supplement
Delaware formation— Certificate of Limited Partnership or Certificate of Formation filed with the Delaware Secretary of State, including state filing fees
Registered agent — first year — Delaware registered agent service paid for the first twelve (12) months
Subscription agreement— Drafted for Rule 506(b) or Rule 506(c), accredited investor representations included
Term sheet— Investor-facing summary of the fund's key economic and governance terms
Engagement and intake call— Initial scoping call to confirm fund type and any default-term variations
A Regulation D-compliant Private Placement Memorandum is available as a flat-fee add-on to any package for $5,000. We recommend a PPM whenever (a) you are using general solicitation under Rule 506(c); (b) you are raising from investors outside a friends-and-family group; or (c) your investor base or offering size warrants a full disclosure document for securities-law defense purposes. The PPM is built from our PPM template and customized to your business, offering structure, investor base, and risk profile based on intake information you provide; it includes risk factors, use-of-proceeds, securities description, conflicts disclosures, and subscription procedures.
Learn more about our PPM service →
To keep pricing predictable, the following are scoped separately:
Custom variations to the default fund terms (each package is priced for the documented defaults; bespoke economics, governance, or transfer provisions are quoted on a fixed-fee or hourly basis)
Form D filing with the SEC and state blue sky notice filings (typically handled by your fund administrator as part of their administration engagement; we can include for an additional fee)
Investment adviser registration analysis or filings (Section 203(l) / 203(m) / state ERA analysis)
Side letters and MFN administration
Audit, tax preparation, and fund administration (handled by third-party providers under separate engagement)
Ongoing investor relations counsel, capital call documentation, and amendments after Initial Closing
Ready to launch?
Tell us which package fits and we'll schedule a free intake call to confirm scope.
Why PPM quality matters
Insufficient disclosure in a Regulation D offering exposes issuers to 10b-5 fraud claims, state securities law liability, and rescission demands from investors — even years after closing. A well-drafted PPM is your primary evidentiary defense and your most cost-effective risk management tool.
A summary of terms for each package
Our Process
01
Intake & Scoping
We review your entity structure, offering terms, business model, and target investor profile to scope the PPM and identify disclosure priorities.
02
Offering Structure Review
We confirm the correct Regulation D exemption (506(b) vs. 506(c)), review securities classification, and identify state notice filing requirements.
03
PPM Drafting
Full document drafting: executive summary, business description, management bios, risk factors, use of proceeds, dilution, and subscription procedures.
04
Form D & Blue Sky
We coordinate Form D filing with the SEC and state blue sky notice filings in each state where investors are solicited.
05
Ongoing Support
Post-launch counsel on investor communications, PPM amendments, accredited investor verification, and regulatory updates.
