Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups. If you need an Advanced Subscription Agreement for your company, we’ve got you covered.
What is an Advanced Subscription Agreement?
An Advanced Subscription Agreement is an investment for equity where the investor pays in advance for shares that will be allocated at a later date. Sprintlaw can assist in setting up an ASA for your business.
Preparing an Advanced Subscription Agreement according to your business' requirements
High level review of your company's documents (such as Articles)
Phone consultations with a Sprintlaw lawyer
Preparing any required ancillary documents (including investor consent notice, board resolution and shareholder resolution)
If your business is currently raising capital, and you’re looking at investors who are keen on investing in your company, you may need a few documents.
In some cases, you may have investors who are willing to pay in advance for shares that will be allocated at a later date. An Advanced Subscription Agreement is essential here as it captures the details of this arrangement. This way, if anything goes wrong, parties can refer to this Agreement and follow a smooth process with minimal hiccups or issues.
An Advanced Subscription Agreement can often be confused with a SAFE Note.
While they are similar, it’s important not to confuse the two. An ASA has no interest and investors cannot get their money back. This way, it qualifies for certain tax relief.
We’ve written more about the key differences between the two documents here.
Our fixed-fee Advanced Subscription Agreement packages start at £1500 + VAT. This includes:
Our team is made up of experienced lawyers, who are specialists in various areas of law. Many of our team have trained at leading law firms and left the traditional corporate law world to join us on our mission to create a new and better way of delivering legal services. Our team has expertise in all areas of startup law, including technology law, intellectual property law, contract drafting and review, corporate law and commercial law.
Our use of technology allows our team members to work remotely from around the world, including the UK and Australia. We generally work with our clients entirely online and over the phone. Our UK team often work out of Flow Space co-working spaces in London.
Sprintlaw is a new type of a legal practice called a ‘legal consultancy.’ This is a new, innovative model of practice which has been available since 25 November 2019 when the Solicitors Regulation Authority (SRA) rolled out certain regulatory reforms in England and Wales. You can read more about legal consultancies in our ‘FAQs’ page, here.
To work with us, just submit an enquiry through the site. After you’ve submitted an enquiry, one of our legal project managers will review your enquiry within 1 business day and get in touch to get a better idea of exactly what you are looking for.
Then your legal project manager will send through an email with a bit more information about the services you need, along with a fixed-fee quote setting out costs, scope of the service and timing. Have a read through it, and if you’re happy with the scope, you can accept and sign our engagement letter online – easy!
Once you’ve formally accepted, we’ll connect you with one of our lawyers and they will work with you to complete your project over email, phone and/or video chat – whatever you’d prefer
We’re an award-winning, totally online law firm. Forget the hassle of meeting a lawyer face-to-face. Our top-trained lawyers are ready to help wherever you are.
Our lawyers were recruited from top law firms and use our custom-built technology to provide a better and more affordable legal service.
Commercial Contracts Lawyer
Corporate Specialist Lawyer
Intellectual Property Lawyer
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with a lawyer
Our expert lawyers will talk you through your project via phone, video call or whatever suits!
Receive your completed project, usually within 5 - 10 working days.
“Can't speak highly enough of my experience with Sprintlaw - quality advice, fast and efficient responsiveness and a professional product.”
“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”