Michigan Tax Law Articles, Blog & Documents | Foster Swift https://www.michigantaxblog.com/category/Crowdfunding Thu, 13 Aug 2026 07:46:51 -0400 Do I Need a Private Placement Memorandum to Raise Investment Capital? https://www.michigantaxblog.com/private-placement-memorandum-raise-investment-capital Nicholas M. Oertel private-placement-memorandum-raise-investment-capital Fri, 12 Mar 2021 09:00:01 -0500 Handing Over CheckThe short answer is that it depends, but it is usually advisable and sometimes required. Let’s dig deeper.

Initially, let’s discuss what a PPM is. A PPM is a document that discloses information regarding the company that is seeking to raise investment capital. In some ways, it is like a business plan, but with detailed additions for investment risk factors, securities law provisions, and the proposed terms of investment. PPMs go by a variety of names – including confidential information memorandums (CIMs) and offering memorandums.

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