EquityShare, a tokenization and crowdfunding platform for community developers and entrepreneurs, has unveiled OMAR (Offering Memorandum Auto-Reporter), a first-of-its-kind legal AI assistant that helps business owners generate compliant offering memorandums in minutes, saving both time and money in the capital raising process.
An offering memorandum (OM) is a critical legal document required to raise capital from investors, yet small businesses routinely face high costs and long preparation times. Traditional OM creation can take three to six weeks and cost between $5,000 and $25,000, creating a barrier for emerging developers and early-stage entrepreneurs.
OMAR eliminates this bottleneck. Users simply upload their business plan or related documents, and the AI automatically parses and structures the content into a compliant offering memorandum framework. Founders can then review, edit, and finalize the document before legal review — reducing attorney involvement to efficient oversight rather than full-document drafting.
“We’ve been in the developer’s seat; raising funds for affordable housing projects, facing delays due to offering docs, and watching legal costs pile up before a single dollar came in,” said Vernon Jay, CEO of Equity Platforms, Inc., parent company of EquityShare. “The offering memorandum has quietly become one of the most overlooked choke points in early-stage fundraising. OMAR breaks that open. It’s fast, free, and designed to return power to the hands of local developers and startup teams, not just institutional gatekeepers.”
In pilot testing, founders using OMAR generated full draft offering memorandums in under 15 minutes, compared to the industry average of several weeks. The result: over 70% cost savings and drastically reduced friction in the fundraising process.
Part of a Larger Vision
OMAR is part of EquityShare’s broader mission to create a unified ecosystem where technology supports every stage of capital formation. Together with tokenization — which simplifies accounting and ownership management — OMAR helps community developers and entrepreneurs move from concept to capital raise seamlessly within a single platform.
By the Numbers
| Statistic | Insight |
|---|---|
| $5K–$25K | Average cost for small businesses to prepare private offering documents (SBA) |
| 3–6 weeks | Average time to prepare an OM through traditional legal workflows |
| <15 minutes | Average time for OMAR users to generate a complete draft OM |
| 70%+ | Estimated cost savings when using OMAR compared to full legal preparation |
Accessing OMAR
To begin using OMAR, create a free EquityShare account and visit:
equityshare.ai/agents/omar
About EquityShare
EquityShare enables developers, startups, and businesses to raise capital through tokenization and crowdfunding. Operated by Equity Platforms, Inc., its mission is to equip community developers with digital tools to compete in modern capital markets, streamline asset acquisition, and expand equitable ownership opportunities.
Media Contact:
Daisy Bagood
reach@equityshare.ai
www.equityshare.ai
