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		<title>Is this legal or not?</title>
		<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
		<description>Is this legal or not?</description>
		<lastBuildDate>Fri, 3 Nov 2006 10:32:03 GMT</lastBuildDate>
		
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				<title><![CDATA[Hey, soon enough I will be!&nbsp]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[Hey, soon enough I will be!&nbsp; I responded awhile back, did you have questions about my response.&nbsp; I thought I answered most of your questions.&nbsp; Let me know if you want me to elaborate on anything.]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667318</guid>
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				<title><![CDATA[
Many good questions.&nbsp; I w]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[
Many good questions.&nbsp; I will try answer on Monday.&nbsp; I`m off to happy hour!!!
 
&nbsp;
hey MNGrillGuy... are u still at happy hour??&nbsp; ]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667317</guid>
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				<title><![CDATA[Deafceo, when I mention that inv]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[Deafceo, when I mention that investors will require 80-100% return on their money year over year I am refering to return on their investment, not a % of NI.&nbsp; Investors do not get "paid" out of NI.&nbsp; I`ll give you an example.
Let`s say y]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667316</guid>
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				<title><![CDATA[there are two ways to raise mone]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[there are two ways to raise money legally under the securities laws. 
1) Public offering which requires public registration and costs around $150,000. 
2) Priviate offering under state exemptions. In a nut shell you are very limited to t]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667315</guid>
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				<title><![CDATA[Dear Deafceo,
From your posts, ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[Dear Deafceo,
From your posts, I gather that you are still in the thinking stage, so I advise you to get some advice from professionals.]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667314</guid>
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			<item>
				<title><![CDATA[
Many good questions.&nbsp; I w]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[
Many good questions.&nbsp; I will try answer on Monday.&nbsp; I`m off to happy hour!!!
 
&nbsp;
Have a dirty martini for me! ]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667313</guid>
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				<title><![CDATA[Many good questions.&nbsp; I wil]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[Many good questions.&nbsp; I will try answer on Monday.&nbsp; I`m off to happy hour!!!]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667312</guid>
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				<title><![CDATA[
Dont worry about profit distri]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[
Dont worry about profit distribution.&nbsp; More often then not profits will be reinvested in the business, leading to increased share value.
Investors will determine the ROI they need prior to making an investment.&nbs]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667311</guid>
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				<title><![CDATA[
Your right, it does sound like]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[
Your right, it does sound like a scheme. 
I`m sure your $1k from 1k people was a hypothetical scenario so I`ll disregard that. I don`t know anybody that really "knows" 1000 people. When you make outrageous claims, some ]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667310</guid>
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				<title><![CDATA[You bring up a lot of issues tha]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm</link>
				<description><![CDATA[You bring up a lot of issues that are best answered by lawyers but I`ll give ya what i know.
A corporation does not have to be public (NYSE), most are not.&nbsp; Shares are purchased/distrubuted to private investors.
There&nbsp;exist man]]></description>
				<pubDate>Fri, 3 Nov 2006 10:32:03 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Is-this-legal-or-not.htm#667309</guid>
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