We charge an administrative fee of $10,000 to onboard each project plus a success fee of 7% of the funds you raise for Reg CF offerings. If your fund raise is successful we’ll credit you $5,000 of the admin fee towards the success fee. Our admin fee includes everything you need to get your project registered with the SEC and launched on our platform except for the cost of financial statements if you are raising more than $125,000. Fees may vary if customization of our templates are required because of a complicated legal structure.
You can even test the waters if you like.
Fixed fees are charged for Reg D/506(c) offerings since Small Change is not a broker-dealer and we are not permitted to charge a fee based on funds raised.
Our goal is to list your offering quickly and seamlessly.
- We’ll help to prepare a compliant disclosure packet
- We’ll provide legal templates for your disclosure documents, LLC agreement, investor agreements and more, all crafted to fit the regulations seamlessly
- We’ll acquire SEC access codes to list your offering
- We’ll register all paperwork as required with the SEC
- We’ll set up a bank account ready to accept investor funds
- We’ll create your online campaign page
- We’ll guide you through creating appropriate marketing materials
- We’ll ensure that financial reviews and bad actor reports are completed as required
All investors invest through our fully electronic process, with investment agreements created digitally. They complete required disclosures on risk and more on our platform, all of which information is stored in our database. At the end of the offering we’ll provide you with a list of investors, all of their contact information and investment agreements, and wire you the funds.
In other words, we’ll guide you through the nuts and bolts of listing an offering, seamlessly.
