Domer Corporation is preparing to issue a relatively small amount of securities and does not want to

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Domer Corporation is preparing to issue a relatively small amount of securities and does not want to go to the trouble and expense of filing a registration statement with the SEC. Company officials hope to be exempt under provisions of Regulation A. These officials want to be certain that they meet these provisions precisely so that no later legal problems arise.


Required

Go to the Web site www.sec.gov and then select Corporate Finance under Divisions. Then select the link for Statutes, Rules, and Forms, followed by the Rules and Regulations Link. Based on the information provided for Regulation A, prepare a report for Domer Corporation officials as to the requirements for exemption and advise as to the maximum amount of capital that may be raised through such issuance.

Assuming that Domer Corporation is a development stage company, revise the report. Note specifically Regulation §230.251.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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