When setting up the subscription information for your offering, you must add the documents that will be signed by your investors once their commitment offers are approved. You can manage these documents when you:

  • Create an Offering

  • Update an Offering

  • Revise the Investment Entity

Create An Offering

When you create your offering, you are led through a series of steps. After you complete your offering description and details, you are taken to the next step where you define the Stage and Parameters.

Once you select the investment entity that will be used to manage the offering, you should open the section for Online subscription documents and upload your documents. Note that the icon is yellow which indicates you must provide additional information, in this case, subscription documents, before you can complete the offering.

As you add the agreement document, you will choose the file, name the document, and check the appropriate boxes to indicate if just the subscriber or both the subscriber and the General Partner will sign electronically. Click Save to continue.

Note - If your document doesn't load, right-click it and use the "Load image" option.

You must always include at least one document. From here, follow the same directions to add additional documents as needed. Whether it is one document or more, this is referred to as the Subscription Package.

At this point, all documents that require a signature by the investors are uploaded but you can still make some changes if necessary. Select More options.

You can Edit settings if you want to change the name of the document. Select Preview to open a window to view the document online. As long as there are at least two documents uploaded, you will see the Remove option.

You'll notice that each document says not yet ready for subscribers and the icon remains yellow.

This means that the documents have not been configured to be signed electronically in Groundbreaker. You must enable electronic signatures for all your agreements. Go to this article where you can learn how to Prepare doc for signing.

Update An Offering

You can add additional documents when you access an existing offering. Be aware that these additional documents are only presented to new subscribers. Existing investors or prospects that have already submitted the subscription package will not see these new documents.

=> Select Menu from the Home Dashboard

=> Then select Offerings

=> Click on the Offering you want to update

=> Click on Data Room or Settings

=> Click on Stage and Parameters

Scroll down to the Online subscription documents section.

From here, you have the same options for uploading, revising, and removing documents that you had when you first added them during the offering creation process.

Revise the Investment Entity

You can also access an existing investment entity and add documents from the investment entity page. Be aware that these additional documents are only presented to new subscribers. Existing investors or prospects that have already submitted the subscription package will not see these new documents.

=> Select Menu from the Home Dashboard

=> Then select Investment Entities

=> Click on the Investment Entity you want to update

The overview page for the Investment Entity is displayed and you access the Subscription details by clicking the Subscription button right below the Investment Entity's name.

To add the closing documents, click on View documents.

Once you are on the Subscription documents page, you will see a list of existing documents. Click on Add another document to upload a new agreement.

As you add each agreement document, you will choose the file, name the document, and check the appropriate boxes to indicate if just the subscriber or both the subscriber and the General Partner will sign electronically. Click Save to continue.

Note - If one of your document pages doesn't load, right-click it and use the "Load image" option.

If there is a sample agreement saved, make sure that you remove it.

At this point, all documents that require a signature by the investors are uploaded and available for prospects to download and review.

You can Edit settings if you want to change the name of the document. Select Preview to open a window to view the document online. You can always Remove a document or add additional documents.

You'll notice that each document says not yet ready for subscribers. This means that although your subscribers can review and download the documents, the documents have not been configured to be signed electronically in Groundbreaker. We recommend that you enable electronic signatures for all your agreements. Go to this article where you can learn how to Prepare doc for signing.

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Support Information

If you have more questions or feedback, please use the live chat in-app (located in the bottom right corner) or contact support@groundbreaker.co.

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