Get Up To One Million Dollars For Your Business
The ULOR, or Uniform Limited Offering Registration
, is an easy way to get cash for your small corporation or investment property. The hassles and headaches of regular bank loans are eliminated. You get a more streamlined financing method that's quick, clear and professional.
Imagine acquiring $1 million per year of no-repay money for your business.
This method has been used by corporate financing experts for years. They just don't want the rest of us to know about it. It's so effective you'll wonder why you haven't tried it before.
The ULOR, or Uniform Limited Offering Registration, is also called SCOR or Small Corporation Offering Registration. Some people may refer to it as the 'do-it-yourself' method to public money.
Here are just a few of the highlights:
* Get up to $1-million of no-repay money every year
* You can fund nearly any business or real estate activity*
* The ULOR form is already set up for you
* You "fill in the blanks" with information about your corporation
* Your completed form gives you an excellent business plan
* Once you file your ULOR, your company name will be more widely recognized
* Giving you more and better business and access to additional financing
* And increasing your ability to attract highly qualified personnel to you firm
The ULOR is a quick way to raise money for small and medium corporations. The process starts when you either have your existing corporation, or you create your new one. Experts say the C corporation works better but S corporation can also work - ask your attorney.
To raise the money you need the form U-7, and just fill in the blanks. This form is a question and answer form, similar to a business plan. Complete the form accurately and thoroughly. Once complete, you'll see that the form U-7 is an excellent business plan.
Work with your financial advisors, stock or securities dealer, CPA and consider who and what the value of your business and your stock is worth and what you'll sell it for. Your company's stock must be sold at $5.00 per share or more. You can sell enough stock up to $1 million per year, each year. For instance, you could sell $5 per share and sell 200,000 shares, or less. Selling agents, brokers, stockbrokers, dealers (properly licensed) can sell your stock.
Advantages include the fact that your personal wealth "on paper" can increase greatly. Your company achieves some cachet, exposure, and is more visible in many ways. You can use the stock to buy other companies, The company stock can also be used as collateral for loans to your corporation. You'll have more access to capital, both debt and equity financing. You'll also be able to offer stock options and stock bonuses which may help attract and retain good employees. You don't have to pay back the money, it is an investment in a company, much like you buy stock on the NYSE.
Disadvantages include some reports and responsibilities to inform your shareholders and some of the public on an annual basis about the company's operations, performance, and financials. Ownership will be diluted. Certain reports and shareholder involvement may deter some business owners but it all depends on how much of the stock you sell. Of course, you can't raise more than $1 million in one year.
Eligibility is fairly simple; The company can't be in petroleum exploration or production, nor can it be in mining or extractive industries. The business can't be a "blind pool" business. The company can't split the stock or declare dividends in the first two years except with written permission of the Securities Administrator.
*ULOR cannot be used for businesses engaged in petroleum exploration or production, mining or other extractive industries, or "blind pool" offerings for which a business cannot be described.
by: Jim Frey
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