Responsibilities after closing your round

## What's next after closing Congrats on closing your round! Now that your round is officially closed, there's some important stuff to wrap up and ongoing things to stay on top of. Want to dive into the timing and mechanics of receiving your funds? Check out [Closing your round](https://hc.usefini.com/hc/t6vc02j1gl?folderId=c1c9cd0d-922d-4524-af4c-24ad56fcb725&history=6ac35259-d5d0-4caa-9b45-8ffb5d0c49a1%2C0bf03a55-f5c9-4fba-82f4-4796e5d7f799&articleId=6eab0501-02b8-467b-b876-dd7bcc53739b) or [the "Final" withdrawal overview](https://hc.usefini.com/hc/t6vc02j1gl?folderId=c1c9cd0d-922d-4524-af4c-24ad56fcb725&articleId=28c6e6d8-afc7-4ead-b49e-c9be7d0c4903) if you want the details on when you'll actually get the money. ## Finalize your legal documents **1. Get your contracts and investor list:** Once all investments are disbursed, we'll follow up with executed contracts and a final investor list. These documents can also be downloaded from wefunder.com/[yourcompanyname]/contracts. Keep these safe - They're your proof of these legal relationships. **2. SEC filings:** You'll need to file a Form C-U (Regulation Crowdfunding Progress Update) with the SEC showing the final amount raised. If you did any Reg D fundraising alongside your Wefunder round, you'll also need to file a Form D. Reach out to your lawyer for that one. ## Update your cap table **The right way to list Wefunder investors:** How your Wefunder investors show up on your cap table depends on how you structured your raise. If you used Wefunder's SPV structure, all investors (or groups of investors by tier) will be consolidated into one to three lines on your cap table rather than listed individually. If you used a direct structure, each investor should be listed individually based on when their funds were disbursed. Stock certificates should be issued to your SPV(s) or investors based on the date of each disbursement. If you had a rolling close and a final close, your SPVs might appear more than once. You can send stock certificates to updates@wefunder.com, or add them directly to your digital cap table system (Carta, Pulley, etc.). ## Follow through Go back and review what you promised investors in your pitch and contracts. This includes any perks, equity grants, SAFE conversions, loan repayments, or revenue share arrangements. For revenue share or loans, email closing@wefunder.com to make sure your repayment schedule is set. For equity, SAFEs, and convertible notes, work with your attorney or reach out to updates@wefunder.com to discuss options for issuing stock certificates and managing your cap table. ## Keep investors in the loop **Regular updates:** Send investor updates at least twice a year (we recommend quarterly). Updates don't need to be lengthy - a few bullet points about recent wins, photos from events, or high-level financial snapshots work great. Your investors aren't just money in the bank; they're potential mentors, networkers, and customers. **Annual reporting:** Under Regulation Crowdfunding, you're required to file at least one annual report no later than 120 days after the end of your fiscal year. It's straightforward. Most companies only need one, and you don't need an audit or review to file it. **Material events:** If anything major happens (new fundraising round, acquisition, merger, IPO, dissolution, conversion), notify updates@wefunder.com as soon as possible. This helps us update your investors' portfolio views so they know the current value of their stake. **Tax documents:** If your company is structured as an LLC taxed as a partnership, or if you're making regular payments to investors, you'll need to send them Schedule K-1s annually for their taxes. If you're using an SPV, you'll also need to distribute K-1s during exits or liquidations. Email updates@wefunder.com for help generating and distributing these. ## The real payoff The most valuable thing you've got from closing a round isn't just the money. It's a group of investors who believe in your mission. The ones who stick around are the ones who feel in the loop. Keep them updated, follow through on your promises, and they'll become your biggest cheerleaders.