WRAL Techwire

“LPOs are designed to be a ‘relatively simple’ way for entrepreneurs to raise money, with the caveat that regulators will still be looking over their shoulder.” said attorney Benji Jones.
“You cannot commence your offering, verbally or any other way, until you have completed your filing requirements and received approval from the N.C. Secretary of State’s office,” Jones said. “You also have to file your advertising materials.”

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