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Level

Review Memorandum Advising on SEC Compliance

Summary:

Assist a social enterprise supporting minority female entrepreneurs review a memorandum advising on whether its corporate form and activities comply with SEC regulations.

Referred by:

Jurisdiction(s): U.S. Federal
About the Organization: Level is a multiracial network of professional women who tackle the racial wealth gap by investing in Black women entrepreneurs.
Legal Entity Type: For-profit
SDG(s): Decent Work and Economic Growth, Gender Equality, Reduced Inequalities
Legal Issue(s):

Level hosts foundational courses focused on racial equity and investing. Participants pay a fee for the program and as members are committed to donating either their money or expertise to Black women entrepreneurs selected by the Level team. Right now, they are incorporated as a DE LLC. They are seeking assistance determining whether they are in compliance with SEC regulations and/or if they need to establish a fund. The team received an initial memorandum from an attorney, but they would like a second opinion and advice on how to move forward.