http://www.xbiz.com/news/98553"Adult Entertainment Capital Launches Investment Vehicle for Industry
Helmed by Wall Streeter Todd Ault, the ‘business development corporation’ will fund, acquire adult businesses with capital from traditional investors"
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"“Let’s say that you’ve been in the adult business for 10 years and you want to retire and you want to sell your business. You can sell your business to my company, and still keep your business private, but still have access to public funds,” he explained. “So you could sell out your business, take stock in our company or cash. Now we own you, and we have to report that we own you and what out position is worth, but we don’t have to consolidate what you’re paid, how much your sales are, what your revenue is, who you do business is — we’re not required to report any of those things. Under the [Small Business Economic] Development Act of 1980, we don’t have to consolidate your losses or your gains, or any of that. It’s a unique way of investing without having to report the operations of each business.”"
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