Not exact matches
Separate minimum
filing fees (see below) are too high and confusing for issuers planning to raise capital using the crowdfunding
exemption or the start - up crowdfunding
exemption.
The IRS charges a
filing fee for Form 1023, Application for Recognition of
Exemption.
First, you must request an Employer Identification Number (EIN) and then apply for recognition of
exemption by
filing Form 1023 (Charitable Organizations) or 1024 (Other Tax - Exempt Organizations), with the necessary
filing fee.
To achieve this status, Kentucky non-profit organizers need to
file Form 1023, the Application for Recognition of
Exemption to the IRS and pay a
filing fee tagged to annual revenues.
For any future distributions of shares or securities, it will need to rely on another prospectus
exemption, such as the accredited investor
exemption, $ 150,000
exemption or the offering memorandum
exemption, and it will need to
file reports with the OSC and pay the applicable
fees in respect of the shares or securities it issues under these
exemptions.
You will be required to pay a
filing fee unless you are eligible for an
exemption.
If payment of the full
fee will cause you financial hardship you can apply for an
exemption due to financial hardship - please
file Application for
exemption from
fees - financial hardship.
If you are applying for a general
exemption, please
file Application for
exemption from
fees - general (attach photocopy of documentary evidence - front and back).
After you have successfully completed that course, you need to provide UBC with your official transcript and applicable
exemption fee to get this posted to your
file.