Any investment contract that gives a party to the contract evidence of a debt or a business participation right can be a security covered by the Federal Securities Act of 1933. Certain stock issue transactions are also exempt (i.e., exempt from registration with the Securities and Exchange Commission).
The most common exempt transaction that close corporations take advantage of is the intrastate offering. To qualify for this exemption, both the investors and the issuer must all be residents of the same state. The issuer must also meet the following requirements:
" 80% of its assets must be located in the state;
" 80% of its income must be earned from operations within the state; and
" 80% of the proceeds from the sale must be used on operations within the state.
Also, for nine months after the issuance, the stock can only be sold to state residents.
If the offering is not exempt, then the issuer must go through the registration process with the Securities and Exchange Commission.
A Cook Illinois Promotion Agreement for the Purpose of Raising Money for a Business is a legal contract between Cook Illinois, a company based in Illinois, and another party seeking to raise funds for their business. This agreement serves as a framework for promotional activities aimed at generating financial support for the business. It outlines the terms, conditions, and responsibilities of both Cook Illinois and the partnering party. In such agreements, Cook Illinois offers its promotional services to assist the partnering business in raising funds. These services may include marketing campaigns, events, online promotion, sponsorship opportunities, and other strategies that aim to attract potential investors or donors for the business. The Cook Illinois Promotion Agreement typically includes specific clauses related to the partnership duration, obligations and rights of both parties involved, the scope of promotional activities, the division of proceeds between Cook Illinois and the partnering business, and any relevant fees or expenses that may arise during the fundraising process. There could be different types of Cook Illinois Promotion Agreements tailored for specific business needs. Examples include: 1. Fundraising Event Promotion Agreement: This type of agreement focuses on organizing and promoting a specific fundraising event, such as a charity gala, auction, or community fundraiser. Cook Illinois collaborates with the partnering party to plan, market, and execute the event, ensuring maximum participation and donation collection. 2. Online Crowdfunding Promotion Agreement: In the digital age, online crowdfunding platforms have gained popularity as a means to raise capital for businesses. This type of Cook Illinois Promotion Agreement involves utilizing various online channels, social media platforms, and marketing techniques to drive awareness and contributions to the partnering business's crowdfunding campaign. 3. Sponsorship Promotion Agreement: This agreement concentrates on securing sponsorships from corporations or individuals who are willing to support the partnering business. Cook Illinois leverages its network and marketing expertise to identify potential sponsors, negotiate sponsorship deals, and promote the benefits and exposure the sponsors receive through their contribution. 4. Grant Application Promotion Agreement: Grants are a common source of funding for businesses, particularly in specific industries or for projects with a social impact. This type of Cook Illinois Promotion Agreement focuses on assisting the partnering business in developing grant applications, creating compelling narratives and proposals, and promoting them to relevant granters. Overall, a Cook Illinois Promotion Agreement aims to leverage Cook Illinois' expertise and resources to raise money for a business by implementing targeted promotional strategies. These agreements can be customized to suit the specific goals and requirements of the partnering business, ensuring a mutually beneficial partnership in the pursuit of financial support.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
