[Vineyard Development] A community group in Montana wanted to revitalize the area and held a meeting urging residents to invest in local businesses. After the meeting, Mai and Trent, who own Valley Vineyard, decide to expand by adding a spa and first-class restaurant to the property to attract tourists. They plan to raise capital for the vineyard development by issuing securities to local investors. All of Valley Vineyard's property and assets are in Montana and their wine sales are about 85% to stores, consumers, or distributors within the state. Once the spa and restaurant are running, they would like to use their profits to open a small wine-bar in Florida.
-If Valley Vineyard is not required to register with the SEC, how much capital can it raise?
A) Valley Vineyard can raise up to one million dollars.
B) Valley Vineyard can raise up to five million dollars.
C) There is no limit.
D) Valley Vineyard can raise up to ten million.
E) Valley Vineyard can raise up to five million dollars the first year, and then it is unlimited.
Correct Answer:
Verified
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