Offering Memorandum
Describes the investment opportunity, strategy, risks, fees, and governance. It frames economic terms and is the primary disclosure document for prospective investors.
A complete Investment Package centralizes legal, tax, and compliance items so signers can understand obligations and submit documents correctly. It supports auditability, reduces onboarding time, and helps satisfy investor accreditation and KYC requirements while remaining compatible with compliant eSignature workflows such as signNow for secure electronic execution and tracking.
Issuers, fund managers, legal counsel, and placement agents typically prepare the package for prospective investors to review and sign.
Institutional investors, accredited individuals, and custodial or trustee signatories complete the documents according to role and authority.
The fund manager or authorized officer who executes the subscription on behalf of the issuer and certifies that offering disclosures are accurate; typically responsible for countersigning and delivering closing instructions to transfer agents and custodians.
The individual investor, corporate designee, or trustee who signs the subscription agreement and investor certifications; must provide identity documents, tax forms, and evidence of signing authority when signing for an entity.
Describes the investment opportunity, strategy, risks, fees, and governance. It frames economic terms and is the primary disclosure document for prospective investors.
Contract where the investor agrees to purchase interests under stated terms, representations, and closing conditions; it binds payment and acceptance mechanics.
Collects residency, accreditation status, tax residency, and beneficial ownership details required for suitability and regulatory compliance.
Formal certification of accredited status under applicable securities rules; may require supporting financial documentation or third-party verification.
Identity documents, entity formation records, and beneficial owner disclosure required to meet anti-money-laundering checks.
Includes W-9 or W-8 series, payment routing, and any closing certificates used to settle subscriptions and record ownership.
| Field | Configuration |
|---|---|
| Signing Order | Sequential for signings requiring issuer countersignature |
| Authentication | Email + SMS code or KBA for high-value transactions |
| Retention | Enable audit trail, downloadable signed PDF, and long-term archival |
| Notifications | Automatic reminders and completion notices to issuer and investor |
Choose a platform that supports required formats, integrations, and the appropriate level of signer authentication.
Ensure the platform can export signed PDFs, provide audit trails, and meet any industry-specific compliance such as HIPAA or 21 CFR Part 11 when applicable.
Provide W-9 when requested; no specific statutory deadline
Issue recipient and IRS copies by Jan 31
Individual returns due April 15; extension to Oct 15 with Form 4868
Due April 15 with automatic extension to Oct 15
Set firm close date in subscription agreement to trigger funding
Draft and compile offering materials and subscription forms.
Investors review disclosures and verify accreditation.
All parties execute subscription and ancillary documents.
Receive funds, reconcile, and issue confirmations to investors.
Optica used a bundled subscription package to simplify closes for new funds.
A real estate sponsor centralized leases and investor subscriptions into one package.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | Varies |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |