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Fundraising Simulator

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Topic 9, Lesson 2
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Update company records

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Now that you have completed the deal, you should determine who you need to inform and which company records require updating.

There are a number of company records and filings that may require updating at the end of a fundraising deal. Examples including the following:

  • Your company constitution;
  • The Memorandum of Articles
  • Share capital table;
  • List of company directors and board members;
  • Any relevant tax filings;
  • Your management accounts and cash flow statement;
  • Any third parties who are contractually required to be informed; and
  • Your completion balance sheet.

This is not a complete list as it will vary for each company. Such items will depend upon your unique set of business circumstances and the specific terms of your fundraising deal.

You also need to determine a communication plan to make the rest of your business and stakeholders aware of the good news!