Connecticut Promotion Agreement for the Purpose of Raising Money for a Business

State:
Multi-State
Control #:
US-01866BG
Format:
Word; 
Rich Text
Instant download

Description

Any investment contract that gives a party to the contract evidence of a debt or a business participation right can be a security covered by the Federal Securities Act of 1933. Certain stock issue transactions are also exempt (i.e., exempt from registration with the Securities and Exchange Commission).


The most common exempt transaction that close corporations take advantage of is the intrastate offering. To qualify for this exemption, both the investors and the issuer must all be residents of the same state. The issuer must also meet the following requirements:


" 80% of its assets must be located in the state;

" 80% of its income must be earned from operations within the state; and

" 80% of the proceeds from the sale must be used on operations within the state.


Also, for nine months after the issuance, the stock can only be sold to state residents.


If the offering is not exempt, then the issuer must go through the registration process with the Securities and Exchange Commission.

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FAQ

In simple terms, soliciting is asking for a donation. Asking for donations can take many forms and include hosting fundraising events, mailing appeal letters, making phone calls, and sending emails. Many organizations solicit donations on their websites through Donate Now buttons.

Share this articleDo research beforehand.Form a strong relationship before you make your ask.Meet them where they are.Practice your pitch.Communicate in a variety of ways.Be genuine, direct, and specific.Be prepared for rejections.Say thank you more than once.

Create a donation page.Offer the text-giving option.Send out a fundraising letter.Launch a crowdfunding campaign.Host a fundraising event.Try peer-to-peer fundraising.Enable recurring donations.Ask for sponsorships.More items...?

Under California law, a solicitation for charitable purposes means any request for a gift of money or property in connection with which (i) any appeal is made for charitable purposes, (ii) the name of a charity is used or referred to in the appeal as an inducement for making a gift, or (iii) any statement is made

In simple terms, soliciting is asking for a donation. Asking for donations can take many forms and include hosting fundraising events, mailing appeal letters, making phone calls, and sending emails. Many organizations solicit donations on their websites through Donate Now buttons.

Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies.

Soliciting Funds means approaching persons on the highway or on a door-to-door basis for the purpose of obtaining from such person a contribution in monies, or standing or being on a highway for the purpose of obtaining contributions in money from other persons using the highway; Sample 1.

Verb. If you solicit money, help, support, or an opinion from someone, you ask them for it.

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Connecticut Promotion Agreement for the Purpose of Raising Money for a Business