OTC Listings: File an S1 professionally, Why Blank Check company, NASDAQ Ready Companies are not OTCBBs for Sale
A Blank Check company is the equivalent of a CPC, thus they are to acquire a company with cash. If the company has no cash, its unuseful. A merger into a blank check company is much more expensive than just building a company from scratch with an S1 with a competent Lawyer.
Buyer beware of the NASDAQ ready shells for sale, as you can simply build the company with OTC Listings designated team of Lawyers and Auditors.
An S1 cost depends on the company either being brand new, from start to finish averages $10,000.
Operating businesses with an S1 has more to do with the number of transactions, ranging between $10,000 to $15,000.
In general, legal opinions and having the lawyer put his name on the S1 itself range in price.
The key to going public in the US is not buying an OTCBB shell or NASDAQ ready shell, but building the structure with a lawyer. If you are looking to buy a shell company, before putting the funds in escrow, contact us and we will put in place a flat fee Lawyer to help you navigate the purchase of the shell.
Contact us if you are interested! firstname.lastname@example.org