Forums: Discussions for entrepreneurs and small business.

Yes, it is illegal to sell private shares to the public. Think about how you are representing your company to the public. You need to consult a lawyer before offering such information over the internet.

I`d like to add to the previous posts:

It is against the SEC regulations to make a general solicitation of equity that is being offered under most (but not all) of the exemptions to registration. The issuer/seller is required to have a "prior relationship" with each individual/entity that is approached with the offer.