Read (skim) the attached private placement memorandum.
Answer the questions and then print off the answers only and turn in at class.
1. Can this be a Subchapter S corporation and give your explanation?
Answer:
2. Identify, copy and paste herein references to federal securities law from the memorandum and define a legal term in the reference (the first one I have provided below – define one of the bold and underlined terms):
a. Suitability Standards The Shares will only be sold to persons who are ” as defined under promulgated under , as amended (the “Securities Act”). See “INVESTOR SUITABILITY STANDARDS.
Definition:
b. (Insert)
Definition:
c. (Insert)
Definition:
3. Cut and paste the language underneath from the memorandum where it says that this is .
Answer:
