Syndication Attorneys: What Questions to Ask and How Long Does it Take?


#1

When doing a 506b offering at what point in time should you be reaching out to an attorney to put together all the offering documents like subscription agreement, ppm, etc?

Also how long does this typically take?


#2

We did it immediately after signing the PSA. It takes on average 4 weeks to prepare the ppm, etc. unless attorney uses the same template for all their clients.


#3

Thank you! What exact documents do they prepare and typically what is the cost?


#4

In our case they were: ppm, Bad Actor Questionnaire Form, company agreement, subscription booklet. $12,500.


#5

@kylekovats
I would recommend that you wait till you are really sure that the deal is going to work. Usually that is after feasibility is almost completed. You want to hold of any money spending activities.