SAFE Note Lawyers for Illinois
Need help with a SAFE note in Illinois?
ContractsCounsel connects businesses and individuals with experienced SAFE note lawyers across Illinois to help with drafting, reviewing, and negotiating your legal agreements.
Quick Facts — SAFE Note Lawyers
- Avg cost to draft a SAFE Note: $590.00
- Avg cost to review a SAFE Note: $500.00
- Lawyers available: 142 startup lawyers
- Clients helped: 233 recent SAFE note projects
- Avg lawyer rating: 4.95 (45 reviews)
Meet some of our Illinois SAFE Note Lawyers
Talin H.
Talin has over a decade of focused experience in business and international law. She is fiercely dedicated to her clients, thorough, detail-oriented, and gets the job done.
Ryenne S.
My name is Ryenne Shaw and I help business owners build businesses that operate as assets instead of liabilities, increase in value over time and build wealth. My areas of expertise include corporate formation and business structure, contract law, employment/labor law, business risk and compliance and intellectual property. I also serve as outside general counsel to several businesses across various industries nationally. I spent most of my early legal career assisting C.E.O.s, General Counsel, and in-house legal counsel of both large and smaller corporations in minimizing liability, protecting business assets and maximizing profits. While working with many of these entities, I realized that smaller entities are often underserved. I saw that smaller business owners weren’t receiving the same level of legal support larger corporations relied upon to grow and sustain. I knew this was a major contributor to the ceiling that most small businesses hit before they’ve even scratched the surface of their potential. And I knew at that moment that all of this lack of knowledge and support was creating a huge wealth gap. After over ten years of legal experience, I started my law firm to provide the legal support small to mid-sized business owners and entrepreneurs need to grow and protect their brands, businesses, and assets. I have a passion for helping small to mid-sized businesses and startups grow into wealth-building assets by leveraging the same legal strategies large corporations have used for years to create real wealth. I enjoy connecting with my clients, learning about their visions and identifying ways to protect and maximize the reach, value and impact of their businesses. I am a strong legal writer with extensive litigation experience, including both federal and state (and administratively), which brings another element to every contract I prepare and the overall counsel and value I provide. Some of my recent projects include: - Negotiating & Drafting Commercial Lease Agreements - Drafting Trademark Licensing Agreements - Drafting Ambassador and Influencer Agreements - Drafting Collaboration Agreements - Drafting Service Agreements for service-providers, coaches and consultants - Drafting Master Service Agreements and SOWs - Drafting Terms of Service and Privacy Policies - Preparing policies and procedures for businesses in highly regulated industries - Drafting Employee Handbooks, Standard Operations and Procedures (SOPs) manuals, employment agreements - Creating Employer-employee infrastructure to ensure business compliance with employment and labor laws - Drafting Independent Contractor Agreements and Non-Disclosure/Non-Competition/Non-Solicitation Agreements - Conducting Federal Trademark Searches and filing trademark applications - Preparing Trademark Opinion Letters after conducting appropriate legal research - Drafting Letters of Opinion for Small Business Loans - Drafting and Responding to Cease and Desist Letters I service clients throughout the United States across a broad range of industries.
"Ryenne was so helpful and was able to review and advise on my issue within less than a day. I would definitely recommend their expertise!"
Mathew K.
Mathew Kerbis is The Subscription Attorney. He’s on a mission to affordably serve clients at scale via the subscription model and inspire attorneys to abandon the billable hour. He founded the law firm Subscription Attorney LLC after working for private practice law firms for nine years. His firm leverages automations and artificial intelligence to offer more accessible and reasonable prices like legal advice starting at $19.99/month and $49.99/page.
"Mathew was pleasant and professional. He passed along great legal knowledge and provided an excellent service at a reasonable rate. I would definitely use his services again."
Harry N.
Experienced business advisor and in-house counsel with extensive litigation experience, representing parties in a variety of complex commercial disputes, including securities, financial fraud, contract, and antitrust litigation.
"Harry has been great to work with—responsive, professional, and helpful throughout the process. I really appreciate his guidance and would highly recommend him."
Zachary J.
I am a solo-practitioner with a practice mostly consisting of serving as a fractional general counsel to growth stage companies. With a practical business background, I aim to bring real-world, economically driven solutions to my client's legal problems and pride myself on efficient yet effective work.
"Zach did great work with quick turn-around and was super responsive. Thanks Zach!"
Richard P.
Have over 40+ years of corporate and commercial law experience.
"The process was easy, hassle-free at high quality. Thank you!"
Octavia P.
I am a business law attorney with over 15 years’ experience and a strong background in information technology. I am a graduate of the University of California Berkeley, a member of the Illinois bar, New York bar and a licensed lawyer (Solicitor) of England and Wales. I actively partner directly with my clients or indirectly, as Of Counsel, to boutique law firms to streamline business practices and manage legal risks by focusing on essentials such as - business contracts, corporate structure, employment/independent contractor agreements, website terms and policies, IP, technology, and commercial related agreements as well as business risk and compliance guidance.
"Octavia P. is very responsive and knowledgeable. She was able to make changes for me in less than a day, and was able to make adjustments and changes as needed."
Michael B.
Michael has extensive experience advising companies from start-ups to established publicly-traded companies . He has represented businesses in a wide array of fields IT consulting, software solutions, web design/ development, financial services, SaaS, data storage, and others. Areas of expertise include contract drafting and negotiation, terms of use, business structuring and funding, company and employee policies, general transactional issues as well as licensing and regulatory compliance. His prior experience before entering private practice includes negotiating sales contracts for a Fortune 500 healthcare company, as well as regulatory compliance contracts for a publicly traded dental manufacturer. Mr. Brennan firmly believes that every business deserves a lawyer that is both responsive and dependable, and he strives to provide that type of service to every client.
"Michael helped us custom build our prenup. We are very satisfied with the result!"
April 15, 2021
Samantha B.
Samantha has focused her career on developing and implementing customized compliance programs for SEC, CFTC, and FINRA regulated organizations. She has worked with over 100 investment advisers, alternative asset managers (private equity funds, hedge funds, real estate funds, venture capital funds, etc.), and broker-dealers, with assets under management ranging from several hundred million to several billion dollars. Samantha has held roles such as Chief Compliance Officer and Interim Chief Compliance Officer for SEC-registered investment advisory firms, “Of Counsel” for law firms, and has worked for various securities compliance consulting firms. Samantha founded Coast to Coast Compliance to make a meaningful impact on clients’ businesses overall, by enhancing or otherwise creating an exceptional and customized compliance program and cultivating a strong culture of compliance. Coast to Coast Compliance provides proactive, comprehensive, and independent compliance solutions, focusing primarily on project-based deliverables and various ongoing compliance pain points for investment advisers, broker-dealers, and other financial services firms.
April 19, 2021
Pritesh P.
Experienced General Counsel/Chief Legal Officer
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Lawyer Reviews for Illinois SAFE Note Projects
Review SAFE Note
"Morgan was very detailed in his response and explanations. He showed me red flags, potential solutions, and where problems may occur. He explained some high risk clauses that did not make sense and I should not accept. Overall, Morgan saved me from bad business deal when I flagged his concerns to the counterparty. Thanks Morgan!"
Find SAFE Note Templates by Type
A Pre-Money SAFE Note is a financial instrument used by startups and investors in early-stage funding. It's an agreement that provides investors the right to purchase equity in the company at a future date, typically during a future equity financing round, sale, or IPO.
The terms "Pre-Money" refer to the valuation of the company before the current round of financing. This means the valuation would not take into account the money invested in the financing round. For example, if the company receives a valuation of $10 million to raise $2 million, the "Pre-Money" valuation is $10 million and "Post-Money" valuation is $12 million (includes the money from the financing round).
- Valuation Cap: The valuation cap is a maximum valuation at which the SAFE can convert into equity. This protects investors from over-dilution if the company's valuation increases significantly before the SAFE converts. For example, if a SAFE has a valuation cap of $5 million and the company's valuation in the next funding round is $10 million, the SAFE holder’s investment converts as if the company was valued at only $5 million, offering more shares for the same investment compared to later investors.
A Post-Money SAFE Note is a financial instrument used by startups and investors in early-stage funding. It's an agreement that provides investors the right to purchase equity in the company at a future date, typically during a future equity financing round, sale, or IPO.
The terms "Post-Money" refer to the valuation of the company after the current round of financing. This means the valuation would take into account the money invested in the financing round. For example, if the company receives a valuation of $10 million to raise $2 million, the "Pre-Money" valuation is $10 million and "Post-Money" valuation is $12 million (includes the money from the financing round).
- Discount: This is a feature that gives investors a discounted price compared to what later investors pay in a future financing round. For example, if a SAFE note carries a 20% discount and the price per share in the next funding round is $1.00, the SAFE holder would be able to convert their investment into equity at $0.80 per share. This discount compensates early investors for their higher risk.
- Valuation Cap: The valuation cap is a maximum valuation at which the SAFE can convert into equity. This protects investors from over-dilution if the company's valuation increases significantly before the SAFE converts. For example, if a SAFE has a valuation cap of $5 million and the company's valuation in the next funding round is $10 million, the SAFE holder’s investment converts as if the company was valued at only $5 million, offering more shares for the same investment compared to later investors.
A Post-Money SAFE Note is a financial instrument used by startups and investors in early-stage funding. It's an agreement that provides investors the right to purchase equity in the company at a future date, typically during a future equity financing round, sale, or IPO.
The terms "Post-Money" refer to the valuation of the company after the current round of financing. This means the valuation would take into account the money invested in the financing round. For example, if the company receives a valuation of $10 million to raise $2 million, the "Pre-Money" valuation is $10 million and "Post-Money" valuation is $12 million (includes the money from the financing round).
- Discount: This is a feature that gives investors a discounted price compared to what later investors pay in a future financing round. For example, if a SAFE note carries a 20% discount and the price per share in the next funding round is $1.00, the SAFE holder would be able to convert their investment into equity at $0.80 per share. This discount compensates early investors for their higher risk.
- Valuation Cap: The valuation cap is a maximum valuation at which the SAFE can convert into equity. This protects investors from over-dilution if the company's valuation increases significantly before the SAFE converts. For example, if a SAFE has a valuation cap of $5 million and the company's valuation in the next funding round is $10 million, the SAFE holder’s investment converts as if the company was valued at only $5 million, offering more shares for the same investment compared to later investors.
A SAFE Note is a financial instrument used by startups and investors in early-stage funding. It's an agreement that provides investors the right to purchase equity in the company at a future date, typically during a future equity financing round, sale, or IPO. Given this SAFE Note has no valuation cap included, it does not need to reference "Pre-Money" or "Post-Money" since the valuation at the triggering event will not impact the price the investors shares are converted. It will only be converted at the discount.
- Discount: This is a feature that gives investors a discounted price compared to what later investors pay in a future financing round. For example, if a SAFE note carries a 20% discount and the price per share in the next funding round is $1.00, the SAFE holder would be able to convert their investment into equity at $0.80 per share. This discount compensates early investors for their higher risk.
A Pre-Money SAFE Note is a financial instrument used by startups and investors in early-stage funding. It's an agreement that provides investors the right to purchase equity in the company at a future date, typically during a future equity financing round, sale, or IPO.
The terms "Pre-Money" refer to the valuation of the company before the current round of financing. This means the valuation would not take into account the money invested in the financing round. For example, if the company receives a valuation of $10 million to raise $2 million, the "Pre-Money" valuation is $10 million and "Post-Money" valuation is $12 million (includes the money from the financing round).
- Discount: This is a feature that gives investors a discounted price compared to what later investors pay in a future financing round. For example, if a SAFE note carries a 20% discount and the price per share in the next funding round is $1.00, the SAFE holder would be able to convert their investment into equity at $0.80 per share. This discount compensates early investors for their higher risk.
- Valuation Cap: The valuation cap is a maximum valuation at which the SAFE can convert into equity. This protects investors from over-dilution if the company's valuation increases significantly before the SAFE converts. For example, if a SAFE has a valuation cap of $5 million and the company's valuation in the next funding round is $10 million, the SAFE holder’s investment converts as if the company was valued at only $5 million, offering more shares for the same investment compared to later investors.
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Illinois SAFE Note lawyers by city
- Aurora SAFE Note Lawyers
- Chicago SAFE Note Lawyers
- Elgin SAFE Note Lawyers
- Joliet SAFE Note Lawyers
- Naperville SAFE Note Lawyers
- Peoria SAFE Note Lawyers
- Rockford SAFE Note Lawyers
- Springfield SAFE Note Lawyers
ContractsCounsel User
SAFE note review
Location: Illinois
Turnaround: Over a week
Service: Contract Review
Doc Type: SAFE Note
Page Count: 6
Number of Bids: 10
Bid Range: $325 - $1,150
ContractsCounsel User