Updated March 31, 2021:
There are now two versions of the model form Safe for LLCs:
- The new post-money Safe with valuation cap (short form), which may be viewed here and purchased here; and
- The original pre-money long-form Safe with optional discount and valuation cap, which may be viewed here and purchased here.
My 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 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.