Do you use an attorney when Investing in Searchfunds?

by an investor from Florida State University

Jan 14,2023

Do you use an attorney when Investing in Searchfunds? If so, at what point do you decide to bring them in to help? 
Bonus Question: How much should you expect to spend on one?

I am currently looking to Invest in a deal and trying to decide if it's worth it to have an M&A lawyer.

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searcher from University of Melbourne

Getting a good one to cast their eye over documents is often cheap insurance. The right one will have seen the pitfalls before and will alert you if you're walking into a minefield.
I'd recommend you get them to read the docs, then jump on the phone with them for approx 30min, asking how any concerns tend to play out.

01/30/2023 | like reply | 0 likes

professional from University of Sydney

It depends on your risk appetite. You may have comfort by investing due to the make of the cap table and there being a number of lead investors who would have had their legal teams/advisors go over the terms and transaction in detail. Otherwise, it's best to get legal counsel to review on your behalf as an investor. Hope this helps.

01/30/2023 | like reply | 0 likes

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