Enter the issuer, entity, and security

Identify the legal issuer

Use the exact legal name of the entity that will issue the securities. The sponsor’s brand or management company may be different. Confirm entity type and formation jurisdiction from organizational records rather than a sample.

Initial workflow defaults are draft placeholders. A default LLC or Delaware selection does not mean an entity exists there. Verify and replace defaults before counsel review.

Describe what the investor receives

Select the security that matches the governing documents, such as units, limited-partner interests, equity, debt, or another supported instrument. Add voting, transfer, distribution, and redemption terms where they apply. A preferred return does not by itself make the investment debt.

Resolve uncertainty with counsel

Do not infer a legal structure from your target return or marketing language. Give counsel the operating agreement, partnership agreement, note, or term sheet so the security description and PPM can be reconciled.

Keep three names distinct

The working offering name identifies the project in your workspace. The issuer’s legal name identifies the entity issuing the security. The sponsor or manager’s name identifies the organization operating or managing the investment. They may be different entities even when they share a brand.

Collect the formation documents, governing agreement, and proposed security terms. Confirm the entity type, formation jurisdiction, tax classification, management structure, and rights represented by the security. Compare those decisions with the cover, offering terms, governance, subscription package, and any applicable Form D pre-fill.