In our experience, raising capital through a private offering generally requires the completion of the following eleven steps:

Business Plan

1. Preparing an executive summary
2. Preparing a business plan
3. Preparing detailed financial projections

Structure

1. Determining the optimal structure and feasible terms for the proposed financing
2. Creating appropriate legal entities

PPM

6. Preparing a private placement memorandum based on the executive summary, business plan and financial projections

Preparing to Raise Funds

7. Preparing an investor presentation
8. Preparing a due diligence binder
9. Making the appropriate regulatory filings

Raising Funds

10. Identifying, contracting, meeting, and presenting to potential investors
11. Executing the appropriate documents with and receiving funds from investors who decide to invest