3 30 Setting up your business & Guidelines for Raising Capital from promissory note draft Watch Video
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⏲ Duration: 45 min 57 sec ✓ Published: 31-Mar-2023
Description: Always use SEC attorney to draft all documents (subscription agreement, private offering memorandum, term sheet, LLC agreement, guaranty, promissory note)nn506B - You can bring in up to 35 non-accredited investors, however you cannot market or solicit publicly. Only bring in investors you have prior existing relationships with. 506B Resource: https://www.sec.gov/education/smallbusiness/exemptofferings/rule506bnn506C - Only accredited investors - must have $1M net worth or make $200k annual incom
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