Is it necessary to hire a lawyer to draft a PPM?

by a searcher from New Jersey Institute of Technology

8 months ago

Hello everyone, I have a question. i am in early phases without financial backing, is it necessary for me to hire a lawyer to assist in drafting a Private Placement Memorandum (PPM)? I've already prepared a draft of the PPM and would greatly appreciate it if someone could review it and provide feedback

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38 comments

professional from University of Southern California - Marshall School of Business

I think it's pretty nervy to ask for people to review a legal document that a novice cut and pastes together from anecdotal information shared by other people. And expect people to give their valuable opinion without paying for it.

2 months ago | like reply | 1 like

searcher from University of Utah

I would say absolutely hire a lawyer to draft PPM. There are some that are very economical charging less than $1,500

5 months ago | like reply | 0 likes

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