Legaltech LawCloud has partnered with securities crowdfunding platform Title3Funds. LawCloud will be providing its Form C service to issuers using the FINRA regulated funding portal to raise capital online.
LawCloud’s service streamlines the legal filing process by providing entrepreneurs with a simple and cost-effective solution for completing the detailed disclosure document required by the Securities and Exchange Commission (SEC) for companies launching crowdfunding campaigns.
LawCloud said it will also provide other services to assist issuers with the Form ID and other legal documents. Many of these tasks are typically handled by an attorney but LawCloud’s service eliminates much of the need for costly legal support.
“We are excited to be working with Title3Funds to help their entrepreneurs reduce the cost of their SEC filings,” said Michael Knox, CEO of LawCloud.
Bruce Virga, CEO and co-founder of Title3Funds, says that entrepreneurs stand to drive much of the economic rebound following the current COVID induced recession:
“We are reliant on innovators to introduce solutions to the novel problems we now face because of the health, travel and social constraints resulting from the coronavirus pandemic. Our partnership with LawCloud enables us to offer the companies we work with a simple and cost-effective service to support them in completing the documentation required by the SEC to launch their crowdfunded investment campaigns and ultimately acquire the capital they need to thrive.”
LawCloud supports funding platforms by providing a sophisticated system to assist entrepreneurs in filling out complex legal documents and dramatically reducing the cost of legal review of the required filings. The company sees significant opportunities for technology to reduce the costs of legal services, particularly as it relates to small businesses and startups.
