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I have formed an LLC with two family members based on my unique idea that involves providing an Internet-based service to a particular industry.
The business plan is written. The HR manual is written. The marketing plan is written. The web site is ready to be deployed. Regular meetings with a SCORE advisor have been encouraging. (SCORE is the program where retired business executives are matched with new business ventures to provide advice and guidance.) The SCORE advisor has approved projections that show stunning growth and excellent potential.
This is an idea that someone is going to run with, soon. It involves the hottest topic of conversation at trade shows and meetings of this industry. It's a "why didn't I think of that?!" idea.
The only thing holding back the launch of this business is some modest startup capital, as we have put every dollar in that we can wring out of personal finances. We need to protect the trademark, have a lawyer review the LLC documents, print literature, attend upcoming industry trade shows, etc.
Until the trademark is protected, I am not free to discuss the name and nature of the business openly on the Internet, but I would certainly give more information by PM to interested DU-ers with some history here.
We expect that the business will provide employment for up to twenty people in the first year at wages beginning at $14 per hour. Opportunity for growth will be strong. We support sustainable commerce and eco-growth. My position in the organization is ethicist and editor. Staying true to Democratic values and progressive principles will govern business decisions.
We are not looking for angel investors or venture capitalists. We are looking for a new path that is free of profiteers and bankers and that provides equity value on day one. We have decided to offer a limited number of fractional memberships of the LLC itself. A fractional membership will cost $500. Thirty-seven of those memberships are available at this time. A fractional membership will equal 1/200 of the total value of the business at any given time. As the value of the business rises through the work of the employees and owners, the value of the fractional membership will rise. Each fractional membership will represent one vote at meetings of the member-owners. Memberships may be sold back to the LLC but may not be sold elsewhere (SEC rules govern.)
It seems awkward to make this kind of pitch on such a venue. But I think that many oldtimers here know my devotion to authenticity, to truth, and to principles that would deliver jobs and sustainable practices.
If you are looking for an investment opportunity, PM me and I will share some more information. Thanks for reading, DU.
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