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Why I Don’t Invest in Startups Using Private Placement Memorandums (PPM)
May 31, 2012 /
The sale of equity in private companies is regulated by the Securities Act of 1933, which requires that the company either register with the SEC or meet one of several exemptions (Reg D). A Private Placement Memorandum (PPM) is a special business plan defined to meet an SEC exemption. In most cases, those entrepreneurs choosing to raise capital using PPMs retain specialists (many of whom are lawyers) to write their PPMs – a rather expensive undertaking.
By Bill Payne http://www.billpayne.com
Full Story: http://www.flatheadbeacon.com/articles/article/why_i_dont_invest_in_startups_using_ppms/28137/
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