All Forum Posts by: Jillian Sidoti

Wow, Jeff! What a thoughtful post! Do you mind if I share this off the board? I will of course credit you and your company.

Bryan Hancock - consider it done!

Bill Gulley-

I have my clients use an investor qualification form that asks very specific questions of the potential investor. Then, I make the investor SWEAR that it is true and that they UNDERSTAND that the company is fully relying on this information. Now, if you are qualifying people under the new JOBS ACT General Solicitation, you have to take an extra step and collect tax returns or get a statement from a financial advisor, attorney, or CPA.

Jillian

Oh, it was my fault. I was advertising my business and I had posted parts of the SEC link. But, if anyone has any specific questions, feel free to ask!

I have been inundated with phone calls and emails about it. I find this to be all very silly - it doesn't help the little guy - not the investor, not the company. This is for big companies and big investors. I think that's unfortunate. But then I want you to think about the JOBS ACT: it was introduced in January of 2012 and passed in April 2012. What piece of legislation that really DOES anything passes that fast?

If you REALLY want to generally solicit, I suggest one of the three instead:

1. Intrastate Offering (very popular for RE companies in California)
2. Regulation A Offering (country wide solicitation)
3. Go Public - not as scary as you would think. I have brought 6-7 real estate companies public and about 20 other types of companies public.

When I have more time, I will get into Regulation A and how it can help you.