Do This Before Meeting Your Lawyer

Hey, everyone! Today I want to discuss what you need to do before meeting your lawyer for your fund!

close up shot of a law book
Photo by Mikhail Nilov on

Let’s jump right into it!

Rule #1: The Lawyer is not the Teacher

You don’t want your lawyer to teach you about funds. You should already know what an LPA and a PPM are.

Lawyers will bill you by the hour! So, if you want to save money and time, then do your homework!

My brother, a securities lawyer, made a checklist of things you should know before meeting your lawyer.

Here’s some questions you can ask yourself to prepare…

  • What type of interest are you offering (debt or equity)?
  • What is the value of the interest (price per unit)?
  • What is the timeline for your offer?
  • What will your pref, catch up, and carried interest be?

Check out my video to see the full list of these questions!

“All the things we discuss on Fund Launch go right into your docs!”

Bridger Pennington (

Crucial Categories

You also need to be prepared in these categories…

  • Company description
  • Executive Team description
  • Market description
  • Risk description

If you go through all these steps and have everything figured out, you could end up paying $5k instead of $30k on lawyer fees!

Check out this link to access the list!

If these questions went way over your head, then no worries! Go back through my videos and see what you missed.

So, before meeting your lawyer for your fund, you need to be prepared! Tell your lawyer what needs to be done, not the other way around!

That’s it for today!


Bridger Pennington

Want to get direct guidance for your fund? Schedule a time with my Fund Advisors!

DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the authors.

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