Happy Tax Franchising Financing
Happy Tax Franchising, Llc, Limited Liability Company just released form D regarding $2.00 million debt financing. This is a new filing. Happy Tax Franchising, Llc is expected to fundraise $2.00 million in this financing offer. The total private offering amount was $2.00 million. The fundraising form was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Happy Tax Franchising is based in Alabama. The company’s business is Other Technology. The SEC form was submitted by Mario Costanz CEO. The company was incorporated in 2014. The filler’s address is: 350 Lincoln Road, Miami Beach, Fl, Florida, 33139. Mario Costanz is the related person in the form and it has address: 350 Lincoln Road, 2L, New Rochelle, Ny, New York, 10805. Link to Happy Tax Franchising Filing: 000169078116000001.
Analysis of Happy Tax Franchising Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Happy Tax Franchising sold 0.00% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $100000. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Happy Tax Franchising Also
The Form D signed by Mario Costanz might help Happy Tax Franchising, Llc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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