Favorable Terms and Conditions for a Small Business Private Offering: Taking Full Advantage of the Direct Corporate Private Offering

Abstract:     
Since 1933, private companies have had an avenue of raising funds called a self-underwriting, or a direct corporate private offering, but it has not been widely used as a method for raising capital. In a self-underwriting, the company issues securities directly to investors, without the benefit of a securities broker or financial intermediary between buyers and sellers of capital.

Number of Pages in PDF File: 4

Keywords: self underwriting, direct corporate private offereing, venture capital

JEL Classification: G32

working papers series