Step5

Step 5

Send them the Private Placement Memorandum for signature and their investment check

Once you have received sufficient indications of interest you arrange for the PPM to be completed. Since the Business Plan is originally written with the intention of appending it to the Private Placement Memorandum that reduces the PPM cost by thousands of dollars.

Comment:
In this process, it is possible to get an attorney to agree to prepare the PPM and pay him from the proceeds when the funds are released from escrow.