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Concerned Capital
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A benefit corporation helping small business grow and create positive social change
A benefit corporation helping small business grow and create positive social change

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"A Unique Way to Sell a Manufacturing Company' is an article that will be published next month in Fashion Portfolio, a Mann Publication out of New York.  The article lays out the 'transfer of ownership' methodology used by Concerned Capital.
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The Celebration of
Jasper Williams’ Life & Love

Will be held

Sunday, April 2, 2017
2:00 pm until 5:00 pm
An afternoon meal will be served at approx. 3pm
At
Hacienda Heights Community Center
1234 Valencia Ave., Hacienda Heights, CA 91745
626-333-3250

We would love to have you join us as we remember and celebrate a man who was loved by many. During the celebration, family & friends will have an opportunity to record a short video message. Please write down your thoughts and bring them with you.

Please RSVP to Melva Francisco-Williams at: melwillhh@gmail.com (Pleas e indicate in the subject line “Jasper’s celebration”).
Please let us know the number in your group so that we may properly estimate seating and food.

As this is a celebration, please feel free to wear vibrant colors (black is not required). There is also a children’s play area outdoors.

Lastly, please feel free to leave a message of condolence or a fond memory of Jasper on the online guest book provided by:

Foothill Funeral & Cremation service
626-335-0615
www.foothillfuneralandcrematio n.com


Peace & Blessings,
The Family of Jasper Williams
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Training Program for City of Los Angeles Rapid Response Team funded by DOL : How to save jobs when an owner retires from a company and wants to sell.
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Its Alive ! Our new web site is on-line:
www.concernedcapital.org
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This is a pre-rfp.for Economic Development Proposals Concerned Capital will joint venture - see below.
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La tierra es de quien la trabaja con sus manos. The land belongs to those who work it with their hands.....Emiliano Zapata
Happy Cinco we Mayo
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A New Source of Debt Emerges for Small Business - SEC sanctioned Crowdfunding. See below:
Forget the Bank: SEC Has Approved Crowdfunding

Ever since the Securities Act of 1933, private companies seeking to sell their debt or equity securities to the public had to register them with the Securities and Exchange Commission. This process has evolved into a huge legal and accounting headache with astronomical costs. The net effect was that small businesses couldn’t go to the public to raise either debt or equity, unless the offering fell under one of several ”exemptions.” And those exemptions are rare and difficult to comply with.
That’s all changed. The SEC adopted final rules for crowdfunding October 30th – they go into effect May of 2016. For amounts under $ 1 million dollars, small business can now go online to raise money.“Until now, in order to invest in a private business, investors had to be qualified intuitional buyers, accredited investors, or limited in number (35 total) or within the confines of a particular state. No longer!” – Crowdfund Insider; October,2015.
Crowdfunding, or raising capital over the internet, has taken off in recent years. It’s expected to surpass traditional venture capital in 2016 at $34 billion a year in total crowdfunding online, across all types of crowdfunding platforms.
What the SEC final regulations say is that companies interested in raising capital on-line, across state lines may tell the public and accept investments from almost anyone – even individuals with less than $ 100,000 in net worth – within a clearly defined framework contained in the final regulations. This framework includes specially licensed ‘portals’ (basically regulator-registered web sites) that are responsible for helping to ensure that any issue that reaches the public complies with SEC requirements.
Small business owner need to know what is required to be able to raise either debt or equity with SEC approved crowdfunding. Apart from normal identifying information, the package required for online solicitations by a company (issuer) through a portal must include:
• Two years of financial statements – can be shorter period for companies that are not two years old but the key is - if the offering is less than $ 100,000 only issuer certification required; up to $ 500,000 CPA reviewed statements required, over $500,000 also requires reviewed statements the first time: audited statements after that.
Use of Proceeds: why funding needed and how funds will be used.
• The Targeted Offering Size: what’s the total amount sought, and the maximum amount that will be accepted.
• Offering Price: a description of the price to the public of the securities.
• Business description: business plan and/or history - a narrative as to what the company does and how it makes money.
• Directors and officers: each individual’s name, positions held and for how long along with resume information for past 3 years.
• Beneficial Ownership and Capital Structure: how the company is organized (C Corporation, LLC, etc.), clear identification of who controls the company, percentages for anyone with 20% or more ownership, and a description of the securities being offered and any outstanding securities.
• Indebtedness: total amount of debt presently owed by the company.
• Related party transactions: a description of previous transactions with “related parties” which include directors, officers, and certain affiliates.
• Exempt offerings: a description of all registration exempt offerings undertaken during the preceding three years.
• Risk factors: a discussion of risks associated with an investment in the securities being offered.
• Transfer restrictions: description of limits placed on the securities that restrict re-sale.
• Narrative discussion of financial condition: a discussion that covers each period for which financial statements of the issuer are provided, as well as a discussion of material changes or trends known to management.
In February 2014, I commented on the proposed regulations and predicted that small companies would have more success using them to raise debt, rather than equity, and the regulations should allow for this. These final regulations do. Most companies with less than $10 million in sales get their expansion capital with debt, not equity, because they don’t want outside partners.
Commercial banks are increasingly difficult to get a conventional (non-SBA) loan from, putting many companies in an impossible bind whenever they need outside investment. These new crowdfunding regulations offer a plausible alternative and it won’t take long for smart company owners to figure that out.
This is for information purposes only and is not intended as legal advice. Consult with a lawyer before engaging in any type of fundraising. For more info go to http://www.concernedcapital.info/

Bruce Dobb, Partner
Concerned Capital   
830 Traction Ave., Suite 3A
Los Angeles, CA 90013
(213) 787-4532
mailto:bdobb@concernedcapital.org

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