Fifty angels, one cap table line — you're welcome

No — Infra One charges zero setup and legal fees for RUV formation. The platform handles Delaware LLC formation, operating agreements, investor invitations, subscription processing, capital calls, KYC/AML, and ongoing administration. The company pays nothing — costs are covered by the investor pool.

Without a RUV, each angel or syndicate investor is a separate line on the cap table, which creates administrative complexity for the company during future funding rounds, exits, and governance votes. A RUV wraps all investors into one Delaware LLC that holds a single equity position, reducing the burden on the company while preserving each investor's pro-rata economic interest inside the vehicle.

Typically, the costs are passed to the investors, not the company. Investors pay a one-time setup fee that is pro-rated across the pool, usually around 2% of the total raise. State filing fees of approximately $500 to $1,500 also apply. The company pays nothing — making RUVs free for founders.

RUVs use the same Regulation D exemptions as SPVs — typically Rule 506(b) or 506(c). Investors must be accredited (under 506(c)) or meet the requirements of 506(b). The RUV also files Form D with the SEC. All investor accreditation, subscription, and compliance flows can be handled digitally through Infra One.

The Delaware LLC formation takes 1 to 2 business days. Including operating agreement, investor onboarding, and subscription processing, a RUV can be fully operational within 1 to 2 weeks. Infra One automates the entire process — from investor invitations to capital calls — with zero setup and legal fees.

Yes. Because the RUV is a pass-through entity (Delaware LLC), investors may be eligible for QSBS (Qualified Small Business Stock) benefits under Section 1202 if the underlying company meets the qualifying criteria. Each investor's holding period and eligibility are determined at their individual level.