Out of all the services you will need to undertake a Reg A+ or Reg CF campaign, the legal side may have the widest variety of service providers and cost ranges. It is important to get this choice right as these services can cost a lot of money.
Lets look at Reg A+ specifically. There are a few highly qualified firms out there, that can give you a fixed price engagement for a reasonable fee. Think $40-60K for a reasonable straight forward non-going-public Reg A+. There are firms that will quote you $250K+ and solo attorney's who will say they can do it for a song and a dance. So how to choose?
This is where you should look for experience and experience in the right industry. Ask what clients they have that were qualified by the SEC for Reg A+. Don't be afraid to contact the listed companies for references.
Reg A+ is supposed to be a less costly method to gain capital compared to a traditional S-1 IPO process. Most of the time, you will not need the high cost attorney's for smaller less complex deals, but you should certainly almost never choose the low cost solo service provider.
If you want help in finding qualified attorneys, contact us today.