Our goal is simple: to promote sectoral legal documentation in the UK, so that investors and entrepreneurs can focus on deal-specific topics. This will inevitably save time and money and follow the precedent in the United States. We encourage all parties to use these documents as a starting point for their investments. The BVCA`s standard documents were established to be used in a Series A funding cycle. They provide for a significant investment, entirely or partially made by fund investors. The BVCA believes that standard documents are not appropriate for use in an initial funding cycle. These towers are usually documented with shorter form documents, which are either replaced or updated for a Series A round. These documents were developed for use in a Series A funding series. They provide for a significant investment, entirely or partially made by fund investors. You don`t lend yourself to seed investment and you`ll find more information on helping entrepreneurs in this area in the drop-down tab on the right.

In 2017, limited changes were made to the statutes and the reference agreement and to shareholders, including those that meet the requirements of the PSC register and the language of deferred and drag-along shares. Many law firms, business networks and other organizations offer presentation documents tailored to seed investments and available on the internet. Due to the diversity and diversity of seed investment conditions, the BVCA does not specifically recommend which suite is best. Practical law also established project notes regarding model status and the subscription and shareholder contract. These are an excellent and advantageous complement to the suite of documents. However, when selecting a suite for a start-up funding cycle, the following factors should be taken into account: We would also be pleased to receive feedback before our next review in 2019. BVCA thanks Susanna Stanfield (JAG Shaw Baker), John Heard (Abingworth), Sally Roberts (Accel), Jon Tilley (Practical Law), Andrew Wigfall and David Strong (both Marriott Harrison) for their continued support throughout this project. We remain grateful to former contributors: Simon Walker (formerly Taylor Wessing), Alastair Breward (formerly Amadeus) and Steve Parkinson (formerly EY). Stock classification: Accounting standards (including international and UK accounting standards) define the principles for presenting financial instruments as liabilities or equity. Companies should review the terms and rights attached to shares (including preferred shares) to determine the classification and presentation of these instruments in an entity`s financial statements.