Why you should be thinking about your Cap Table now!
FUNDSITION has launched its FREE Cap Table and Registry
It’s never too early in the process of building a company to start managing the capitalisation table (otherwise known as acap table). It’s a detailed platform recording all of the information regarding shareholders and the equity owned in the company, a well-managed cap table will become essential to long term success. Even if you’re thinking that your company does not need to keep such detailed records early on, understanding its importance may change your mind. So what are the benefits:
An easy to use centralised digital platform that verifies a company
Shareholder records are easily kept up to date
Shareholders are notified and can manage their own personalised dashboard and include their own companies
Cap table at a glance
Document storage
Calendar for key company meetings
Brings a level of professionalism and compliance to your company
You are prepared for future funding
Ultimately saves time, money and resources, both now and into the future
Your data is safe and secure
Once investors are KYC/AML verified, their securities can be digitised
It’s has other valuable functions
As secondary trading draws closer, your digitised securities will be ready
The platform also manages:
Options
Loans
Warrants
Promissory Notes
ASIC integration for updating ASIC’s records (coming shortly)
As subscribers to our website there will be some information on wholesale offers, by proceeding, you are agreeing to the warning:
investment in new business carries high risks. It is highly speculative and before investing in any project about which information is given, prospective investors are strongly advised to take appropriate professional advice;
the information contained in our Website has been prepared by or on behalf of the person who is proposing to issue or sell the securities or scheme interests and neither Fundsition nor the Publisher (if any) has undertaken an independent review of the information contained in the Website;
the information contained in the Website about the proposed business opportunity and the securities or scheme interests is not intended to be the only information on which the investment decision is made and is not a substitute for a disclosure document, product disclosure statement or any other notice that may be required under the Corporations Act 2001 (Cth) (Act), as the Act may apply to the investment. Detailed information may be needed to make an investment decision, for example: financial statements; a business plan; information about ownership of intellectual or industrial property; or expert opinions including valuations or auditors’ reports;
a prospective investor is strongly advised to take appropriate professional advice before accepting an offer for issue or sale of any securities or scheme interests;
prospective investors should be aware that no established market exists for the trading of any securities or scheme interests that may be offered; and
the Website is subject to ASIC Class Order [CO 02/273].
As subscribers to our website there will be some information on wholesale offers, by proceeding, you are agreeing to the warning:
investment in new business carries high risks. It is highly speculative and before investing in any project about which information is given, prospective investors are strongly advised to take appropriate professional advice;
the information contained in our Website has been prepared by or on behalf of the person who is proposing to issue or sell the securities or scheme interests and neither Fundsition nor the Publisher (if any) has undertaken an independent review of the information contained in the Website;
the information contained in the Website about the proposed business opportunity and the securities or scheme interests is not intended to be the only information on which the investment decision is made and is not a substitute for a disclosure document, product disclosure statement or any other notice that may be required under the Corporations Act 2001 (Cth) (Act), as the Act may apply to the investment. Detailed information may be needed to make an investment decision, for example: financial statements; a business plan; information about ownership of intellectual or industrial property; or expert opinions including valuations or auditors’ reports;
a prospective investor is strongly advised to take appropriate professional advice before accepting an offer for issue or sale of any securities or scheme interests;
prospective investors should be aware that no established market exists for the trading of any securities or scheme interests that may be offered; and
the Website is subject to ASIC Class Order [CO 02/273].
General CSF Risk Warning (Corporations Regulations Reg 6D.3A.10)
Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks. You may lose your entire investment, and you should be in a position to bear this risk without undue hardship. Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares. Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you. Even though you have remedies for misleading statements in the offer document or misconduct by the company, you may have difficulty recovering your money. There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform becomes insolvent, you may have difficulty recovering your money. Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.
