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How to Legally Raise Capital and Go Public: Securities Law Explained for Business Owners | 781

Author
Dave Lorenzo
Published
Fri 18 Apr 2025
Episode Link
https://share.transistor.fm/s/6c412227

What You’ll Discover Today: 

This episode of the Inside BS Show is your front-row seat to the world of securities law and going public. If you're thinking of raising capital, selling equity in your company, or even dreaming of an IPO, this conversation with attorney and former CEO Jim Dodrill is a must-listen. Jim shares war stories, legal landmines, and the straight truth about what it takes to raise capital the right way.


Key Topics Discussed:

  • What actually counts as a “security”—it’s way more than stock
  • Why you need to involve a securities attorney before raising any money (even from family)
  • The shocking true story of a company that issued more stock than it was legally authorized to sell
  • The difference between a private placement and an IPO—and which is right for you
  • What happens during SEC review (and how long it really takes)
  • Why business owners get in trouble with “finders fees” and unlicensed brokers
  • What role an ESOP can play in an IPO or exit
  • When raising money privately can go very wrong—and how to avoid fines, rescission rights, or even criminal charges
  • What it really takes to go public—including time, money, and emotional stamina
  • Why thinking about your exit strategy on Day One is the best insurance policy you can have

Quote of the Episode: “Time kills deals. And if you don’t get your legal foundation in place early, you might not just lose the deal—you could lose everything.”


Links and Resources:

Call to Action: Thinking of raising capital, selling your company, or launching a private offering? Don’t guess—get guidance. Reach out to Jim Dodrill before you make a move. And if you found this episode helpful, share it with a fellow business owner who might need it!

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