2.Venture Bonsai Legal Framework
The purpose of the Venture Bonsai Legal Framework is to provide a set of ready-to-usedocuments and an as simple as possible process to run a Share Issue to raise privatecapital for a growth company. The process is in compliance with the European Unionregulation and related national laws.
is framework is built in such a way that the Share Issue can be arranged withinthe service as easily as possibly while following the regulation related to private placements within the European Union.
e example documents have been builtin such a way that they can modi
ed to meet the minor di
erences in eachnational legislation.
e example documents are built for companies domiciledin Finland.
Detailed and full version attachments (as referenced in this document) areavailable to Venture Bonsai customers and partners.
When running a Share Issue within Venture Bonsai, you will•Let the Shareholders’ Meeting authorise the Board of Directors to run a Share Issue(template provided).•Let the Board of Directors decide to run a Share Issue (template provided).•Prepare your Marketing Material for the Investment Round.•Use Venture Bonsai to accept interested users to Potential Investors as well as invite your own contact to Potential Investors.
ere’s a legal limit of 99 potential investors per country which is enforced by the system.•Receive the investments into a safe Escrow Account held at a major bank.• When the round is successful, make the necessary decision by the Board of Directorsto accept the subscriptions.•
e company will receive the money as soon as the auditor has veri
ed theinvestments•You will inform the new shareholders about the good news!
Copyright © 2011 Venture Bonsai Oy.
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