Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 33

Develop Your Skills
Domer Corporation is preparing to issue a relatively small amount of securities and does not want to go to the trouble and expense of filing a registration statement with the SEC. Company officials hope to be exempt under provisions of Regulation A. These officials want to be certain that they meet these provisions precisely so that no later legal problems arise.
Required
Go to the website www.sec.gov and then select "Corporate Finance under Divisions." Then select the link for "Statutes. Rules, and Forms," followed by the "Rules, Regulations, and Schedules" link. Based on the information provided for Regulation A. prepare a report for Domer Corporation officials as to the requirements for exemption and advice as to the maximum amount of capital that may be raised through such issuance. Assuming that Domer Corporation is a development stage company, revise the report. Note specifically Regulation §230.251.