Disclaimer For Use:
These documents posted on our website are intended to educate and inform the early stage start-up. As such, they are designed to be simple and accessible and may omit terms or language relevant to your very specific circumstances. Please carefully read through the documents and any instructions and annotations included therein.
You acknowledge that your use of these documents does not create a client or any other relationship between you and Startup Port Knowledge Base or you and the individual members of Startup Port and does not constitute the provision of legal, financial or other professional advice. You should seek advice from a licensed attorney before using or relying on these documents. Additionally, none of the documents created constitute tax advice.
By using and relying on these documents, you totally assume all risks and liabilities that may result from such.
Disclosures for recommended products, services, books:
From time to time, we will use Affiliate links for products that we have personally used and highly recommend. The use of these links may result in small earnings being made on our part.
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We are fully committed to only recommending products that we believe our readers will enjoy and benefit greatly from. We have exceptionally high standard of quality for ourselves and pass that standard on to what we recommend for our readers and clients.
If you have a product that you would like us to review and recommend, please contact us using our Contact Page. All applications will be thoroughly assessed and only those that we fully wish to endorse and believe will be of benefit to ourselves and our readers will be recommended.
We understand that service providers are an essential part of the venture community, we are always open to review and screen the proper service providers that can add value to the need of the startups and founders.
Disclosure for funding suggestions:
Per regulations, only accredited investors can invest in startups. Investor Individual or Accredited Disclosure;
An accredited investor, in the context of a natural person, includes anyone who:
earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR
has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).
On the income test, the person must satisfy the thresholds for the three years consistently either alone or with a spouse, and cannot, for example, satisfy one year based on individual income and the next two years based on joint income with a spouse. The only exception is if a person is married within this period, in which case the person may satisfy the threshold on the basis of joint income for the years during which the person was married and on the basis of individual income for the other years.
In addition, entities such as banks, partnerships, corporations, nonprofits and trusts may be accredited investors. Of the entities that would be considered accredited investors and depending on your circumstances, the following may be relevant to you:
-any trust, with total assets in excess of $5 million, not formed to specifically purchase the subject securities, whose purchase is directed by a sophisticated person,
or
-any entity in which all of the equity owners are accredited investors.
In this context, a sophisticated person means the person must have, or the company or private fund offering the securities reasonably believes that this person has, sufficient knowledge and experience in financial and business matters to evaluate the merits and risks of the prospective investment.
Disclosures for blog posts:
The posts on the blog page of this website have no connection to any political, governmental or other institution.
This website only shares blog posts as educational and or informational reading purposes and is not responsible for the contents or the context of the information.
