About kevin kemper Expertise IN my 34 + years with prospective entrepreneurs aged 7 through age 77, in Canada,
Mexico and elsewhere; both directly and through my TV show and newsletter on Entrepreneurship,
have advised on: starting a business, writing a business plan, finding staff, setting compensation
plans, when to joint venture or consider a franchise, have a partnership or corporation structure,
when to start a biz vs buying. Currently tutoring individuals in S. Africa, Bangladesh, India, China, Australia and Brazil. [My incomplete book is entitled Assured Entrepreneurial Success]
Question We have a start-up corporation and have been recently approached by several interested parties wishing to buy stock in our company, but we are not sure of what the legal way to sell or value our stock is since we have not started doing business yet. How can we issue our stock to private investors before we open our doors?
Answer Alex! Smart man!
a: get your CPA and attorney together and prepare immediately
either a SCOR or a D 504 or 5 or 6; these are PRIVATE offerings.
You can take subscriptions to shares and you
can easily open up an escrow account.
In that escrow account, like one for a home buyer, the
investor puts his/her/their investment capital in.
You and your legal team QUICKLY write up a private
securities offering and file it with the state
corporate commissioner; something USUALLY your attorney
does.
Soon, when the state says you may do so, you will
qualify to have the money released!
Glad to help you!
Exc query! If I can help you further, let me know!
