Are crowdfunding investments made on the Wefunder portal automatically placed in a series LLC formed by Wefunder?

1 Answer, 0 Replies
Jenny Kassan
Jenny Kassan  replied:

As far as I know Wefunder does do this, but this would be a great question to ask Wefunder.  I know many offerings on Wefunder that have been channeled through a series LLC without the issuer's or the investors' knowledge.  Also, every crowdfunding lawyer I have spoken to believes that Wefunder's use of the series LLC is not legal so issuers and investors need to be very careful.

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