Tampa, FL (PressExposure) August 18, 2011 -- The Williams Securities Law Firm, P.A. announced a complete revision of the firm's informative GoPublicDirect.com website offering explicit details for private companies seeking to go public in a manner that minimizes liability, risks, and cost. SEC lawyer Michael T. Williams, Esq. explains on the site how a Go Public Direct transaction can avoid the many problems involved with other means for going public including the liabilities of pursuing a pink sheet listing or the significant risks and much higher cost of a reverse merger with public shell (also referred to as a "reverse IPO").
"Many private companies mistakenly believe you can avoid preparing SEC disclosure documents or a required SEC audit by pursing a reverse merger with a public shell rather than a Go Public Direct transaction," attorney Williams points out. The site further explains how because of the time necessary to source and vet a public shell for a reverse merger, such transactions could potentially take longer to complete than the straightforward route of a Go Public Direct transaction.
The newly released site replaces a former site that has been freely informing visitors of how to go public direct since 2007. "In addition to explaining the benefits of a Go Public Direct transaction, the site details the risks of using others to raise capital, the perils of public shells and reverse mergers, and the opportunities for international access to U.S. capital markets by foreign companies," Mr. Williams said. The site also addresses the benefits of paying people with stock, and opportunities from the NASDAQ BX Venture Markets introduced in May 2011.
These and other insights summarized on the website are direct, informative extracts taken from Mr. Williams new book, "Going Public Direct: Save Your Company Money and Heartache!" The full publication of this 88-page ebook is available as a free download from the GoPublicDirect.com website along with a newsletter subscription for visitors seeking to keep current with important changes in SEC legal requirements and with options for taking their company public. The site also features a blog in which Mr. Williams keeps visitors and subscribers updated with current SEC-related events and his personal opinions on a more-frequent basis.
The GoPublicDirect.com site includes a brief set of educational questions that individuals can answer for themselves to determine if their private company is both qualified and ready to make the leap to going public. Contact and consultation inquiry forms are provided for visitors left with additional questions or looking to explore the options for viably becoming a publicly traded company.