Securities crowdfunding platform Seedrs is partnering with Outpace , a digital legal solution for startups powered by law firm Taylor Wessing . According to Seedrs, issuers that are raising – or having previously raised – money on Seedrs can now access legal solutions and advice from Outpace at “a discounted rate with priority access enabling them to make business critical decisions quickly and effectively.” This reportedly includes “managing funding rounds, share options, EIS/SEIS, cap tables, and creating essential documents such as SAFEs/ASAs, term sheets, and IP assignments.” By offering founders access to Outpace’s expertise, Seedrs states that it will continue to “support its community of entrepreneurs on their journey to success, especially in the face of challenging market conditions.” In practical terms, the offer for startups raising or having previously raised capital on Seedrs is a discount of “up to £500 on legal services regardless of the fundraising round size, plus zero charge for onboarding, including validation of existing cap tables, and no annual subscription fees.” Seedrs and Outpace on will host an upcoming webinar to provide guidance on common pitfalls founders. Having experienced legal guidance is vital for all firms but early stage businesses need to establish a compliant fondation from day one. While legal fees can add up over time, not having solid legal advice can cost a lot more in the long run.
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