Get the Note - a digital token by Republic, a US company backed by Binance & Neo

[Jon Winston]

What fees does Republic charge?

[Junior Hollow]

What fees does Republic charge?

Investing on Republic is free for Investors.

Companies pay only if they successfully reach their funding goal: 6% of the total funds raised in cash, and 2% as a Crowd Safe.

Companies raising on Republic may also use the proceeds of their successful
financing to pay for the escrow agent and other transaction-related fees. Related: how much does it cost to launch a campaign?

Example using a Crowd Safe: Equity Startup, Inc. raises $100,000 at $10M valuation and hits its funding goal, effectively selling an equivalent of 1% of its equity. Republic takes $6,000 and Crowd Safe with a $2,000 face value (0.02% in an equity equivalent).

[Larion Drake]

What fees does Republic charge?

Example using a Token DPA: Blockchain Startup, Inc. raises $100,000 
and hits its funding goal, effectively selling $100,000 plus interest in tokens. Republic takes $6,000 and Token DPA with a $2,000 face value (later equivalent for cash or tokens).

[Miriam WolfStavish]

What fees does Republic charge?

Example using a Token DPA: Blockchain Startup, Inc. raises $100,000 
and hits its funding goal, effectively selling $100,000 plus interest in tokens. Republic takes $6,000 and Token DPA with a $2,000 face value (later equivalent for cash or tokens).

Example using a Revenue Share: Revenue Startup, Inc. raises $100,000  and hits its funding goal, effectively selling $100,000 in debt with a revenue right. Republic takes $6,000 and a revenue right with a $2,000 face value (which will entitle Republic to payments as if Republic had put $2,000 into the offering).

[MQAffi]

Is there a limit on how much I can raise?

[trimpo]

Are there any restrictions on incorporation type for companies fundraising on Republic?

C-Corporations and Limited Liability Companies (LLCs) can fundraise on Republic.

[VeloCHARAPtor]

Can companies based outside the US raise money on Republic?

No, only United States-based companies can raise via equity crowdfunding per US law.

[VincentoDoraimon]

Does my company need to be incorporated in a particular state to fundraise on Republic?

[DonyTramp]

What is the typical campaign duration?

[Fenomenon]

How does Flat Fee Attorney pricing work?

 By being affiliated with Republic, you get a special discount on Form C reviews through our independent attorneys we have partnered.
https://republic.co/help/how-does-flat-fee-attorney-pricing-work

[Hariton Vladimirovich]

How does Flat Fee Attorney pricing work?

 By being affiliated with Republic, you get a special discount on Form C reviews through our independent attorneys we have partnered.
https://republic.co/help/how-does-flat-fee-attorney-pricing-work

Note: Standard Billing (per hour) includes $400 for an attorney, $150 for a paralegal, and $100 for a legal assistant. Flat-free pricing includes approximately 10 hours of legal review. Client may be billed based on the firm’s standard fee schedule for special circumstances. Any client work to be billed beyond the standard flat fee will require prior client approval and an applicable retainer.

[Heddion]

Who needs to have a Bad Actor Check run on them?

[Inkassator]

Who needs to have a Bad Actor Check run on them?

Anyone in your company that falls into one or more of these categories must provide Republic their full name legal name, SSN/TIN, phone-number, address and DOB:

Officer (anyone with "officer" in their title);
Director (anyone on your board, but not informal advisors); and/or
Any person or entity that holds 20% or more of the company.

[Jenny Briane White]

What are GAAP Financials and when do I need them to be "Reviewed"?

[Junior Hollow]

What are the key components of preparing for my campaign?

[MQAffi]

What are the key components of preparing for my campaign?

Deal Page, you should start working on your offering page, remember we have templates on your onboarding page.

[Neverlessyou]

What are the key components of preparing for my campaign?

Deal Page, you should start working on your offering page, remember we have templates on your onboarding page.

Video & Transcript, If you are making or using a video, remember to write a transcript for it.

[trimpo]

How do I know if my financials are GAAP compliant?

GAAP refers to "generally accepted accounting principles", an industry standard for reporting financial information. To fundraise using Regulation Crowdfunding, you must submit your financial statements in GAAP format.

[VeloCHARAPtor]

How do I know if my financials are GAAP compliant?

GAAP refers to "generally accepted accounting principles", an industry standard for reporting financial information. To fundraise using Regulation Crowdfunding, you must submit your financial statements in GAAP format.

If they're formatted like this example https://republic.co/help/issuer-gaap-example.pdf , meaning many of the same items and information (ex. issuance of stock) are covered in the same way, they're probably GAAP. That said, it's not just a question of formatting, and this isn't financial advice.

If you're still not sure, it's best to check with a CPA. We recommend using Kristine Rasmussen from Assure (krasmussen@assure.co). Most startups that have raised on Republic work with Kristine.

Remember, if you want the ability to raise over $107,000, you must have your GAAP finances reviewed by an independent CPA.

[VincentoDoraimon]

What kind of startups are accepted to raise?