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Building your company is more than a matter of developing products and finding customers, it’s also a matter of creating a strong and stable legal entity. Simply having the wrong legal structure can be a major red flag for investors. Understanding taxes, intrastate funding, and other state-level issues can easily cause a fledgling entrepreneur’s head to spin.
In this episode, host Tom Ryan continues his interview Leo John, a Legal Specialist for the Securities Division of the N.C. Secretary of State. Leo provides a wealth of insight into a wide variety of topics, from intrastate crowdfunding investment to solid advice for forming a legally sturdy business. As always, Tom is joined by co-host Jason Pyles.
• Introduction, and introduction of guest Leo John
• Investment-based crowdfunding outside of North Carolina
• “Intrastate exemptions” for securities
• Crowdfunding for a broader investor base, and for non-accredited investors
• Accredited versus non-accredited investors
• Leo’s business incorporation and formation advice
- Get a good business attorney
- Corporations, LLCs and Partnerships
- Tax considerations
- Administration considerations
• Limitations of LLCs
• Sign off, and ways to contact the show
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