Study each of the following case. Answer the questions that follow with Yes or No.

Iago started a restaurant specializing in vegetarian dishes that quickly grew. In order to raise more funds for growth, Iago decided to sell stock in the company to investors through UsFunding, a registered crowdfunding website. Iago intends to keep the offering open for 6 months.
a. Does Iago have to prepare disclosure for posting on the UsFunding site?
b. May Iago raise $2 million in this 6-month offering?
c. Can this offering be open to anyone in the public?