Comments on: Who pays legal fees in a convertible note bridge financing and how much does it cost? http://www.startupcompanylawyer.com/2007/05/13/who-pays-legal-fees-in-a-convertible-note-bridge-financing-and-how-much-does-it-cost/ Venture capital, seed financings, convertible note bridge debt, M&A, option vesting and other matters explained for founders and entrepreneurs Wed, 17 Mar 2010 14:45:14 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Joe http://www.startupcompanylawyer.com/2007/05/13/who-pays-legal-fees-in-a-convertible-note-bridge-financing-and-how-much-does-it-cost/comment-page-1/#comment-562 Joe Mon, 10 Mar 2008 19:27:12 +0000 http://www.startupcompanylawyer.com/2007/05/13/who-pays-legal-fees-in-a-convertible-note-bridge-financing-and-how-much-does-it-cost/#comment-562 We have been told by our VC that we can post legal fees associated with our financing against the equity investment when we log the actual investment to equity on the Balance Sheet. Is this treatment is GAAP compliant, and if so, this there a GAAP reference we can use to notify our accountants of the process. We have been told by our VC that we can post legal fees associated with our financing against the equity investment when we log the actual investment to equity on the Balance Sheet.

Is this treatment is GAAP compliant, and if so, this there a GAAP reference we can use to notify our accountants of the process.

]]> By: Venture Hacks — [Hack] The benefits of debt vs. equity in a seed round http://www.startupcompanylawyer.com/2007/05/13/who-pays-legal-fees-in-a-convertible-note-bridge-financing-and-how-much-does-it-cost/comment-page-1/#comment-46 Venture Hacks — [Hack] The benefits of debt vs. equity in a seed round Mon, 14 May 2007 20:37:00 +0000 http://www.startupcompanylawyer.com/2007/05/13/who-pays-legal-fees-in-a-convertible-note-bridge-financing-and-how-much-does-it-cost/#comment-46 [...] can negotiate a debt term sheet and close the money for under $10K in legal fees. There are very few terms for the lawyers to discuss—they will barely have to modify their [...] [...] can negotiate a debt term sheet and close the money for under $10K in legal fees. There are very few terms for the lawyers to discuss—they will barely have to modify their [...]

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