Attorney Fees

[Gaulkin]

Could anyone give me a rough estimate on the cost to issue private stock to investors?

[Cole Taylor]

As in the cost of the actual certificates? Cost to draw up a purchase agreement? Guess I'm not following. Costs me about $1.50 for the cert and mailing.

[Gaulkin]

No, i mean to set it up.

[Cole Taylor]

Set up what a private placement? Reg.D, A? How may states? Are you going to be advertising? Employing finders? Are you going to be registering the offering or are you just taking on a few people?

Go for information overload in your response.

I'm most familiar with Reg. Ds. A PPM runs $5000-$7500 and ~$300-500 on average per state for blue sky.

[Gaulkin]

For now just Florida and i will be taking on more then just a few people, im going to need a good amount of money for trucks.

[Cole Taylor]

I'm not making a recommendation one way or the other, but a place like Regulation D Resources - Capitalize Your Vision will write a memorandum for you.

Familiarize yourself with SEC rules 501-506 of regulation D.
Regulation D Offerings

Same with your State securities commission.
Securities Offerings - Frequently Asked Questions

Even if you have a firm write your memorandum you should, at minimum, get an opinion from a securities attorney.

Just a couple generalizations to keep you safe:

- Only sell through employees, no finders. No commish. Their job has to last after the offering.

- Only deal with accredited investors, no matter what.

- Provide full disclosure even if you are not required to do so.

- verify everything via your sub docs and have everyone complete a suitability questionaire.

Again, very general but it's where most I've seen go wrong.

[Cognition]

I was going to say something really ugly, but I won't for the sake of professionalism.

[Gaulkin]

I was going to say something really ugly, but I won't for the sake of professionalism.

lol get over yourself '


thanks cole your advice is helpful