Securities and Private Placements
Many businesses retain 100% ownership by their founders who also have provided the "sweat-equity" in running the enterprise since its inception. But what happens if there is a need for private capital and a bank loan is not available or desirable? Or employees, for example, desire to buy in to the business? Selling a portion of your business is not something you will take lightly for business reasons, but you may not realize that the United States Securities and Exchange Commission (and the Virginia State Corporation Commission) may be interested in what you are doing as well. Without proper legal guidance, it is possible to run afoul of federal and state civil and criminal laws when attempting to sell an ownership stake in an ongoing business enterprise. Properly drafted securities filings and documentation help to protect you and lend credibility to your efforts. Mr. Handford can advise you in these matters and prepare Private Placement Memoranda, investor disclosures, and other limited offering materials on either a flat-fee or hourly billable basis.