Some years ago, I did this research, but it was a pile of work. If
you're going to answer this, there will hopefully be some incentive
besides the paltry per diem.
$100 in fees to do this sounds nice, but what I expect will be
something in the range of $1,000 at least.
I prefer we use California as the location of the business, and the
ultimate "listing" will be on the "pink sheets," but included on the
OTCBB machines, as part of the NASDAQ system. A related issue is
whether or not the company must be "blue-skied." I would prefer the
business remain not-blue-skied, which should keep naive investors and
even more naive brokers from handling it.
A few other things to watch out for: there were once tax vacations for
start-ups for corporate taxes for the first two years, if they still
exist; ten years ago, California experimented with a fee for "listing"
any security; the federal "Regulation A" mechanism and its fees; NASD
"Form 211," and check to see if self-clearing is still allowed.
Avoid Reg D, SCOR, SB-2, NASDAQ and anything else that looks like a detour.
Get me from nobody to public stock, with links to the forms and the fees.*
*I don't mean to give the impression that everyone has to go public,
or that going public is a step in raising cash, because studies show
that most millions are not made this way at all; and small "OTC"
stocks re NOT allowed to have "multiples" typical of exchange stocks.
It is strongly discouraged, and the small business stock company knows
this. |