Feature · While you raise
Investor documents, written and signed online
The offering documents come from attorney-approved templates, filled in from your deal, and investors sign on any device. Every signature is recorded.
Free to start. You pay nothing until you submit a deal.
Same on every deal · Example
Documents, from attorney-approved templates
- Operating agreement
- Investor documents
Fees, shown in dollars before you invest
- Acquisition fee, 2%$150,000
- Asset management, 3% of rent$25,000 a year
- Profit split at sale80/20 or 70/30
What it is
A raise needs a stack of documents: the private placement memorandum (PPM) that describes the offering, and for each investor a subscription agreement, the company’s operating agreement with a joinder, and a short investor questionnaire. DoorRaise fills them in from your deal, with the template’s attorney approval on record, then sends them to each investor to sign electronically.
How it works
1
The documents are written for your deal
The price, the fees, the split and the dates come from the deal page, so the documents and the page cannot disagree.
2
An attorney reviews the offering
The templates are approved by counsel, and a daily check confirms the approval matches the version in use.
3
Investors sign online
After they verify as accredited, investors read and sign on their phone or laptop. You countersign.
4
Everything is saved
Signed copies, who opened what and when are kept in the investor’s vault and in yours.
How it creates value
Weeks of back and forth, gone
Investors can commit the same evening they decide.
One source of truth
The documents are generated from the same numbers as the deal page.
A record that stands up
Every signature is timestamped, with the electronic-signature consent on file.
Why you need it
A securities attorney writing offering documents from scratch typically costs $12,000 to $30,000, and they still have to be filled in, sent and tracked for every investor.
Offering documents from a securities attorney, typically
$12,000 to $30,000
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
- Documents emailed as attachments and printed
- Version mix-ups when the terms change
- No proof of who signed what, and when
With DoorRaise. The templates are part of the $500 setup fee. Attorney review of your offering documents and electronic signing are in the $5,000 closing fee. See pricing.
Questions
Who signs first?
The investor signs, then a sponsor countersigns. Wire instructions appear only once the documents are countersigned and the investor’s checks are clear.
Can I change the terms of the documents?
The templates are fixed, so that counsel’s review stays valid. Terms such as price, fees and split come from your deal.
Can investors get paper copies?
Yes. The e-sign consent explains how to ask for them and how to withdraw consent.
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.