Feature · While you raise
The SEC paperwork, filed on time
A Form D is due 15 days after your first investor signs. We build it from your deal, track the deadline and file it.
Free to start. You pay nothing until you submit a deal.
Form D and filings · How it goes
- The deal creates the filing
- The clock starts at the first signature
- We build it to the SEC’s format
- You can see the status
What it is
When a company raises money under Rule 506, it files a Form D with the SEC to tell it the offering exists. The deadline is 15 days after the first investor commits to invest. DoorRaise builds the form in the SEC’s own format from your deal’s facts, reminds you before the date and keeps the filing with the deal.
How it works
1
The deal creates the filing
The company, the offering size, the sponsors and the exemption come from your deal.
2
The clock starts at the first signature
A reminder is created when the first investor signs, and a daily check makes sure no deal with a signature is missing one.
3
We build it to the SEC’s format
The form is built to the SEC’s current technical specification and filed through the company’s EDGAR account.
4
You can see the status
Filed, due or late, on the deal’s checklist, with the filing saved.
How it creates value
No missed deadline
A late Form D can bring penalties and trouble with the exemption.
No EDGAR learning curve
The SEC’s filing system is built for professionals, and a first-timer can lose days to it.
Investors see a sponsor that follows the rules
The filing is on the deal’s checklist, so it is plain that it is done.
Why you need it
The Form D is short, but it is easy to get wrong and the deadline is unforgiving. First-time sponsors miss it more than anything else.
Form D filing, typically
$500 to $1,500
Ranges from published law firm, investor-software and CPA pricing, for a deal with about 40 investors. On DoorRaise it is part of the flat fees below.
Without it
- Working out which dates count, with weekends and federal holidays
- Learning the SEC’s filing system for one use
- Paying an attorney for a form that is part of your closing fee here
With DoorRaise. Covered by the $5,000 closing fee. The Form D deadline calculator on this site is free. See pricing.
Questions
When exactly is it due?
15 days after the first sale. If that day is a weekend or federal holiday, it moves to the next business day. Our free Form D deadline calculator works it out.
Do I need an EDGAR account?
The company needs one. We set up the steps with you, and the filing is signed by the person responsible.
What about state filings?
Most states also want a short notice filing. Your attorney can tell you which ones apply to your investors.
Ready to raise your first deal?
Create your free sponsor page. You don’t need a deal yet.
DoorRaise checks facts, like identity and the property documents. We don’t pick, rank or recommend deals, and we don’t promise returns. DoorRaise isn’t a law firm and can’t give legal advice about your own situation. Offers on DoorRaise are open to accredited investors only.