Savannah Sauce Company Mitigates Risks to Investors by Applying for $1 Million Dollar Key Man Insurance on Founders.
One way to protect investors is to provide key man insurance on founders and key employees. This type of coverage names the shareholders as beneficiaries in the event of the loss of key personnel to insure stock value and no disruption in operations. up to the amount of their share ownership and will be disbursed accordingly, in the event of a loss.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 394 startups
Wefunder Advisors LLC
for 115 startups
for 3 startups
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Join 695,034 investors who funded 481 startups with over $176 million1
wefunder.com/updates/135990-savannah-sauce-company-mitigates-risks-to-investors-by-applying-for-1-million-dollar-key-man-insurance-on-founders is managed by
Wefunder Portal LLC.
Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Regulation Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Regulation D and A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.
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