How to Scale Equity Crowdfunding Platforms by Streamlining Legal Filings

So a lot of what we do is, you know, on the equity crowdfunding side, and then we also have like a filing business for law firms and for people who are kind of managing SPVs and that whole side as well. And so, you know, when it comes to equity crowdfunding, everybody needs to file a Form C, and then before you file a Form C, you need to do a Form ID, which gives you a, your EDGAR credentials so that you can actually make a filing on EDGAR. So we help people with their Form ID and then we help them with their Form C. It's, our forms, We basically have a Form C drafting tool, which creates basically a really solid draft of the Form C, after you answer anywhere between a 100 and 150 questions and then from there, your Form C's basically about 90, 95% done, and if you choose to get the legal upgrade would then go directly to an attorney. Attorney would review it, do a couple of red lines back and forth, come to a final draft, and then it would get filed through LawCloud platform as well. So I mean, we're, we're doing a couple of things. One is that, you know, equity, crowdfunding platforms that are looking to have scale, can't just use a couple of different lawyers or one law firm, or do all the Form C work themselves, because if you're going to do something at scale, it's just impossible and all the information going back and forth, and it's hard to keep track of. So, you know, not only are we drafting the document, but we also take care of the, you know, the information transfer from the client to the lawyer and, and what's efficient about our system is that the client's essentially putting everything into a questionnaire. And then the lawyer is getting a draft of the documents. So the lawyer doesn't actually have to draft the document. They just have to make some changes to it in some updates based on the information that they've received. So it takes the lawyer a lot less time. And so it's a much more, not only is it something that's much more scalable, but it's also something that is much more cost efficient because you know, it's being done through software instead of a lawyer working with the client for four hours to get all the information and do a draft. The client's working for, you know, two, two hours and filling out the questionnaire and giving, giving them the draft already, already created. And they're just doing a review and, you know, doing a little bit of back and forth.