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Subject:
Need SEC registration or not?
Category: Business and Money > Finance Asked by: sbalmos-ga List Price: $10.00 |
Posted:
10 Jul 2004 19:41 PDT
Expires: 11 Jul 2004 08:28 PDT Question ID: 372525 |
I have an LLC, with both voting and nonvoting membership interest units. My business's clients are owners of organized fan groups (roleplaying games, etc), and their individual players/fans. I am trying to determine whether or not I have to contact the SEC and either register my interest units or get an exemption. Here's the scenario... I do not intend to offer the interest units to the general public. However, I intend to make both the voting and nonvoting units available for purchase by my clients (the group owners), and possibly also the individual players/fans of the client groups. Since this is still kind of a restricted "public offer", rather than selective offering of the ability to purchase to a specific person, do you believe the SEC would consider this a public security offering, and thus require registration and all that mess? If so, might this necessity change by removing the nonvoting class of interest units? Thanks! |
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There is no answer at this time. |
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Subject:
Re: Need SEC registration or not?
From: daytrader76-ga on 11 Jul 2004 07:48 PDT |
You could also just call the sec office and ask. I've phoned them a few times, and the people with whom I spoke were always very nice. |
Subject:
Re: Need SEC registration or not?
From: sbalmos-ga on 11 Jul 2004 08:28 PDT |
Doh... True. I thought they were like the other major government entities. "We'll make the rules, but go hire someone else to tell ya how to apply them". :) I'm closing the question, and just ask the SEC directly. |
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