Introducing the New Simple Agreement for Future Equity (SAFE) for LLCs

My new Simple Agreement for Future Equity (SAFE) for LLCs is the first SAFE specifically designed for limited liability companies classified under U.S. federal tax law as partnerships or disregarded entities.

The new SAFE for LLCs, annotated with helpful drafting notes, is available here.

THE SAFE FOR LLCS IS FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY AND IS NOT LEGAL OR OTHER PROFESSIONAL ADVICE. NOTHING CONTAINED IN OR REFERENCED BY THE SAFE FOR LLCS CONSTITUTES RENDERING OF LEGAL OR PROFESSIONAL ADVICE FOR ANY SPECIFIC CASE OR SITUATION. NOTHING IN THE SAFE FOR LLCS IS A SUBSTITUTE FOR THE ADVICE OF AN ATTORNEY.  YOUR USE OF THIS SAFE IS AT YOUR OWN RISK. AND YOU MUST CONSULT WITH AN RELY UPON THE ADVICE OF YOUR OWN PROFESSIONAL LEGAL AND TAX ADVISORS WITH RESPECT TO THE ISSUANCE OF, AND INVESTMENT IN, THE SAFE FOR LLCS.  

 

2 responses

    • I suppose you could attach it as an exhibit, but it would be time consuming and probably awkward to include the full SAFE in the LLC agreement. The SAFE is designed to speed up financings and that process would likely slow things down and increase complexity.

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