“Idisclose” is Crowdfunding New Legal Platform

By Kimberley Brown , CrowdFundBeat  guest editor,

Idisclose is Adaptive web-based app that guides entrepreneurs through the process of generating their own customizable private placement memorandum at a fraction of the cost

This will be major game changer this year in facilitating legal protection throughout the crowdfunding industry.

Georgia Quinn








Doug Ellenoff and Georgia Quinn, are leading securities attorneys at New York’s Ellenoff Grossman & Schole, and are major forerunners and advocates in the crowdfunding space. Both have always seen the lack of affordable and efficient disclosure as a major roadblock for small businesses seeking online capital, especially since creating a disclosure document (a PPM) can cost between $25,000 and $100,000, making the cost of raising capital with legal protection extremely prohibitive for entrepreneurs.

With the passage of the JOBS Act and the many new avenues for accessing capital, such as crowdfunding and other online platforms, disclosure is more important than ever. iDisclose helps protect the company raising money, and those assisting with the offering, against investor suits and SEC actions and provides the necessary information to investors.

iDisclose is a web-based application that streamlines the legal procedure of raising capital by guiding entrepreneurs through an adaptive process to customize institutional quality disclosure documents, including Private Placement Memorandums (PPMs). Built by a team of experienced securities lawyers, iDisclose fuses cutting-edge technology with legal know-how to significantly reduce the time, money and effort traditionally exerted on the disclosure process.
iDisclose allows business owners to “make their own counsel”, saving them thousands of dollars in fees as they draft their own, highly-accurate and comprehensive PPM documents in collaboration with their own team and attorney.

But now, Doug and Georgia are breaking down these cost barriers by launching an innovative platform this month called iDisclose.

iDisclose is a highly “intelligent” web-based application that allows entrepreneurs to create an institutional quality disclosure document (a PPM) online, while collaborating with their attorney only as needed or required throughout the entire process. This delivers up to 80% in cost savings for the business owner, while also significantly reducing the attorney’s time spent on drafting drudgery so they can focus on the real aspects of being a lawyer – offering real legal counsel and reviews.

Note that other key benefits provided by iDisclose include…
· For business owners, it allows them to draft their own, highly-accurate and comprehensive PPM document in collaboration with their team and legal counsel, which saves them thousands of dollars in fees.

· For investors, iDisclose provides robust disclosure in an easy to evaluate format, empowering them to make informed investment decisions.

· For platforms, it standardizes deal documentation allowing investors to make an apples to apples comparison and reducing risk.

· For lawyers, it eliminates much of the drafting drudgery required with PPMs, so lawyers can focus on offering real legal counsel and document review, as needed.

Tags: , , , , ,


BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

BBC NewsNHS trust 'relies' on crowdfunding to equip wardBBC NewsAn NHS trust has launched a crowdfunding appeal to buy equipment for a new hospital unit because "it cannot get started without donations". The Royal National Orthopaedic Hospital (RNOH) in Stanmore, n [...]

MarketWatchWhy a crowdfunding site is giving out $10000 scholarshipsMarketWatchCrowdfunding site GoFundMe announced Thursday that it will award $10,000 to 10 students with pages on their site that fundraise for education. The award is part of a contest the site held throughout Septemb [...]

MottoIVF: More Couples Crowdfunding to Pay for Procedure - MottoMottoMore and more couples are turning to crowdfunding to fund costly in vitro fertilization (IVF) treatments, Bloomberg reports.More Couples Who Can't Afford IVF Are Turning To Crowdfunding ...RomperCouples desperat [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

WestwordProgressive-Rock Band Marillion Pioneered CrowdfundingWestwordThat was the beginning of crowdfunding for us — and for every band, really.” When it came time for the recording and release of the followup to the 1999 marillion.com record, Kelly and the band realized that one of [...]

CoinTelegraphCrowdfunding vs. ICO: Experts Question Legitimacy and Guarantees ...CoinTelegraphThe simplistic idea behind crowdfunding a non-existent software or system has become a trend in the cryptocurrency industry, but most Bitcoin experts are highly ...and more » [...]

ForbesVenture Crowdfunding Revisited: An Update with NIN VenturesForbesI am about to head off to attend the Global Crowfunding Convention (GCC) 6 in Las Vegas. It will be my fourth time attending. The crowdfunding industry has grown from $16 billion in 2014 to $34 billion in 2015, and [...]

EntrepreneurIs Crowdfunding Right for You? Answer These 7 Questions to Find Out.EntrepreneurCrowdfunding is a popular and increasingly accessible way to put your prospective product or business in front of millions of people. And, thanks to the visibility of massive success stories, t [...]

Crowdfund InsiderOn Investment Crowdfunding, Diversification & the Wisdom of the CrowdCrowdfund InsiderOne of the cardinal rules of investing is diversification – a critical ingredient for long-term portfolio growth. This rule applies with equal, if not greater, force when investi [...]

CFB Finance

Press Release

CrowdFund Beat News

Hello @CrowdFundBeat's 17296 followers - thank you so much for following! Wishing you all a happy Friday! >> bit.ly/_want_this_free

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |