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| Subject:
Do we need to file this with the SEC? Questions about Stock Issuance
Category: Business and Money > Small Businesses Asked by: sasjamal-ga List Price: $5.00 |
Posted:
30 May 2005 18:24 PDT
Expires: 29 Jun 2005 18:24 PDT Question ID: 527485 |
Hi, We have just recently incorporated in the state of Texas. We plan on issuing stock to friends, family and aquaintences. We also plan to advertise it ON our website, so that other interested parties will be able to purchase shares in our company. We also plan on issuing a Monthly subscription to where users can purchase one share a month. For something like this, would we need to file with SEC, or are we exempt since this is considered a Private Offering. Thanks |
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| Subject:
Re: Do we need to file this with the SEC? Questions about Stock Issuance
From: nelson-ga on 30 May 2005 19:57 PDT |
You need a lawyer familiar with securities laws. |
| Subject:
Re: Do we need to file this with the SEC? Questions about Stock Issuance
From: omnivorous-ga on 31 May 2005 07:16 PDT |
Sasjamal -- Nelson-GA is precisely correct. You might start by reading the SEC pages regarding stock registration -- and becoming familiar with Texas law as well: Securities & Exchange Commission "Information About Some Companies Not Available From the SEC" (Jan. 11, 2005) http://64.233.161.104/search?q=cache:ilX4m-Ug3Y8J:www.sec.gov/answers/noinfo.htm+%22500+shareholders%22+SEC&hl=en Best regards, Omnivorous-GA |
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