tptacek's forth point is probably correct. You also may need to bring in someone with a series 7 license to close the sale. It's just the government looking a

tptacek's forth point is probably correct. You also may need to bring in someone with a series 7 license to close the sale. It's just the government looking after you for your own good. tptacek's third point is moot as you will be getting shares in the company, not options, since the $1 per share is an exercise price.