Cool, so does this mean he can raise investment capital from non-accredited investors?
I filed my own C-corp in NY state (All the paperwork is boilerplate, there's just a $200 filing fee)... I wonder if SEC filing is reaching the same level of boilerplate where anyone can do it with standard forms?
If so, or if it's so easy a 19 year old beer pong enthusiast can do it, then why are there only about 8 or so IPO's per year?
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Cool, so does this mean he can raise investment capital from non-accredited investors?
I filed my own C-corp in NY state (All the paperwork is boilerplate, there's just a $200 filing fee)... I wonder if SEC filing is reaching the same level of boilerplate where anyone can do it with standard forms?
If so, or if it's so easy a 19 year old beer pong enthusiast can do it, then why are there only about 8 or so IPO's per year?
IPOs are underwritten by investment banks. Filing to go public without being underwritten is called a direct public offering I believe.
Granted, a direct public offering is very rare. Not unheard of, but rare indeed.