Are crowdfunding investments made on the Wefunder portal automatically placed in a series LLC formed by Wefunder?
As far as I know Wefunder does do this, but this would be a great question to ask Wefunder. I know many offerings on Wefunder that have been channeled through a series LLC without the issuer's or the investors' knowledge. Also, every crowdfunding lawyer I have spoken to believes that Wefunder's use of the series LLC is not legal so issuers and investors need to be very careful.
As far as I know Wefunder does do this, but this would be a great question to ask Wefunder. I know many offerings on Wefunder that have been channeled through a series LLC without the issuer's or the investors' knowledge. Also, every crowdfunding lawyer I have spoken to believes that Wefunder's use of the series LLC is not legal so issuers and investors need to be very careful.