I own a profitable home improvement company in the U.S.
I want to know if anyone knows the legality of using an ICO to take it public, offer dividends, etc.
We want to stick with a home painting category which carries a 50%+ profit margin and is easily expandable.
We want to offer something that has never been offered to customers needing home improvements, a flat rate insurance policy for
the work performed and for future work such as exterior home painting.
In the insurance offer aspects of the company a simple fee of $50-$100 charged monthly can be profitable.
About the company:
Started in 1994, re-branded 2017.
Performs ~20 jobs per month with a monthly revenue after expenses of $50,000-75,000
The goal would be to raise $1,000,000 in initial capital which would be used mainly for marketing and legal consultations to keep it going.
I can see the monthly revenue increasing by 10x or more within months with just the right marketing campaigns.
Helpful input is welcomed, this is only an idea.
ICO projects usually collect money for blockchain related products, that is what people are used to now. But time is coming when also companies will start going public without any relation to blockchain. I say why not to your case
