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]
You recommended preparing a SCOR or a D 504 or 5 or 6, and having the lawyers write up a private securities offering and file it with the state corporate commissioner.
My question is this, is it nessecary to file anything with the state if you are already in business?
Please advise.
Answer yes.
cause it takes you from doing a "hands out to friends
seeking $ UNOFFICIALLY"
--to doing it "by the book".
the SCOR might not need to be filed, but the others do.
ANOTHER way to get money for your biz, is to
buy it, expand, and also--use the equity in
others's real estate..........
find several fix up pieces with 25-60% equity in them
and extract the cash on obtaining the take out loan.
