YOU CAN RAISE $1-MILLION A YEAR of no-repay money for your business corporation. How? By using the Uniform Limited Offering Registration (ULOR from now on) for small corporations.
ULOR is a simplified state registration process available in a growing number of states, allowing corporations, which are not SEC reporting companies to raise up to $1 million from the public every 12 months with no SEC registration required. In addition to lowering the cost of a security offering, this method actually can help you build your business plan.
One of the best item of the ULOR form U-7 is that it has been designed so that you can just fill in the blanks with information about your corporation. If your business is a "C" corporation, you may be able via an ULOR to amass money easier. Discuss with capable attorney to determine the type of incorporation that you should consider. Any business or real estate activity can use this method except petroleum exploration or production, mining or other extractive industries, and blind pool offering for which a business can't be described.
Requirements:
? Up to $1 million may be raised every 12 months
? The offering price must be at least $1 per share
? The company may not split its stock or declare stock dividends for two years, except
with the permission of the Securities
Procedure:
Contact the Securities Division at 542-4242 for an U-7 form and instructions
Review the U-7 form to determine if a small corporate offering is the best capital
formation tool through which to raise funds for your company -- if yes;
Organize your team for answering the U-7 form (management, attorneys and/or
accountants)
Consider who will value your stock and who will sell your stock (management and/or
broker/dealer)
Contact the Securities Division, Registration Section with questions or a request for a
pre-filing conference
File the Form U-7 with the Registration Section
File the Form U-7 with the National Association of Securities Dealers (NASD), if your
securities are to be sold by a registered broker dealer
Review strategy begins at the Securities Division, Registration Section. Structural
issues of the offering are examined
Notification by the Securities Division as to registration of corporate offering
Notification by the National Association of Securities Dealers (NASD) as to approval
of underwriters compensation
Form U-7 becomes the corporate prospectus
Sale of stock commences. Registration is valid for one year and may be extended
upon reasonable request to the Securities Division
Submission of annual reports to the Arizona Corporation Commission, Securities
Division; and securities-holders
The ULOR, or Uniform Limited Offering Registration, is an easy way to amass money for your small corporation or investment property. The hassles of regular bank loans are eliminated. You obtain a more streamlined financing procedure that is quick, clear and professional!
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