+ Can Anyone Invest In Tasty Equity?
Yes, Regulation A+ allows anyone to invest in our company.
Until 2015, only “accredited investors” (an individual who has a net worth in excess of $1M excluding his or her primary residence or whose annual income was in excess of $200,000 ($300,000 if joint income) for the past two years) were allowed, in most cases, to invest in startups or other businesses that were not publicly traded. This meant that everyday folks did not have the chance to invest in early stage companies or benefit from those companies when they grew, became profitable and went public with an IPO, for example.
Now, under Regulation A (also called Regulation A+ or Reg A+) the United States Securities and Exchange Commission allows companies like ours to take on investors regardless of how wealthy they are, so everyone who is unaccredited as well as accredited, has an opportunity to invest in early stage companies.
If you are a non-accredited investor, you may invest but will be limited to investing no more than the greater of 10% of your net worth or 10% of your annual income.
Investors outside the USA may also be eligible to buy units too. We’re more than happy for anyone and everyone to invest from anywhere in the world. We just ask that you ensure your own situation allows you to become an investor wherever you live or invest from.
+ When I Invest I Get Units. What Are Units?
Tasty Equity is an LLC ( limited liability company) which does not have stock, but rather has "units" which are, very much like shares of stock in a corporation. The terminology is different, but each unit (just like each share of stock in a corporation) represents a percentage of the ownership of our company.
+ How Do I Buy Units?
That’s easy! Once the offering is live, go to https://investintastyequity.com and click on the INVEST NOW button. that’ll open the form, then you just need to fill it all in and we’ll do the rest.
There are a number of ways that you can pay for your units: credit/debit, wire transfer, ACH and by check. Just check the box for your preferred payment method, and you’re away! For debit, credit or ACH your payment will be processed immediately, and for all other methods you’ll receive the details in an email once you’ve completed the application. Make sure you follow the instructions in the email to complete your investment.
+ How Much Do Units Cost? Are There Any Fees?
Units cost $5.00 each with the minimum investment being 20 units for $100.
You pay only for the number of units you purchase. There is no fee charged to the investor at any point during or after the transaction.
When you click the “INVEST NOW” button on to https://investintastyequity.com, you will fill out a few short forms and then have the opportunity to pay either by credit card or debit, ACH (you electronically transfer the money from your bank account to a bank escrow account, who then releases it to us), wire, or check.
We've made the process easy for you.
+ What Happens When I Purchase Units?
When you complete your investment, your money will be transferred to a bank account where it will be held until it is accepted by Tasty Equity after certain regulatory compliance takes place behind the scenes, with our SEC and FINRA registered broker-dealer, iQ Capital (USA), LLC.
Once we accept your investment, and certain regulatory procedures are completed, your money will be transferred from the bank account to us and we will issue you your units. You will receive a confirmation of your investment and a signed subscription agreement via email and you will become a proud owner in Tasty Equity. Generally, this process takes between 2-4 weeks, and we plan to issue units (meaning you officially become an investor!) once per month.
Occasionally, we will need additional information from you to complete your investment. If that happens, you will receive an e-mail from our broker-dealer, iQ Capital (USA), LLC with further instructions.
+ Can I Sell My Units In The Future?
While selling your units is allowed after we close the offering, you will have to find a purchaser yourself as we will not be listed on any exchange, so there is no open marketplace for your units. Right now, we do not plan to list these units on a national exchange or another secondary market. There is no assurance the units will ever be publicly listed or that a secondary market will develop. You should plan on holding onto these units for the foreseeable future. Our plan to provide all investors with an "exit" is to be acquired or merged with another company sometime after Rapid Fired Pizza and Hot Heads Burritos reach 200+ total restaurants. Meanwhile, enjoy the benefits of being an investor thought discounts and the other perks we happily give to our Tasty Equity investors!
+ I Live Outside The USA. Can I Invest?
Yes, you can still invest. Once our securities offering has been qualified by the SEC for U.S. citizens to invest, investors outside the USA may also be eligible to buy units. We’re more than happy for anyone and everyone to invest from almost anywhere in the world, we just ask that you ensure your own situation allows you to become an investor wherever you live or invest from under your local laws.
+ How Long Will People Be Able To Buy The Units?
Units will be available through December 10, 2020 (subject to change), or until we raise a total of $5 million; whichever is sooner.
For now, our units are not publicly traded on any exchange. Once we close the offering, you will no longer be able to buy units from us.
+ Are There Benefits To Investing?
Yes! Not only do you get to own a piece of each of the restaurants that we invest in, but you also get lots of great stuff including discounts on food and merchandise at any Tasty Equity owned location. Click here to see the full list of benefits
+ As An Investor, Do I Get A Say In How The Business Is Run?
Technically, you will not have voting rights in Tasty Equity so you do not have any say in the day to day management of the company. However, we certainly encourage feedback and suggestions, and are always willing to listen to our shareholders’ and their ideas.
+ What Does Accredited Vs. Non-Accredited Investor Mean?
Regulation A+ requires us to find out if you are an accredited investor or not, because of some limitations that apply on how much a non-accredited investor may invest. Basically, the law says an individual is an accredited investor if their income exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and they reasonably expect the same for the current year, or has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence). If you want to play lawyer and read the legalese yourself, you can find the SEC’s definition here!
+ Why Do We Need To Know Your Net Worth?
We have to ask this question to be sure we comply with Regulation A+ which says that if you are a non-accredited investor, the amount you can invest is limited to no more than 10% of the greater of your annual income or net worth. But don't worry, when you fill in the forms, we do the math for you! Just add your annual income and a calculation of your net worth (that is, the total value of everything you own less what you owe) where the form requests it.
+ What Does Backup Withholding Mean?
Backup withholding is a tax levied on investment income as an investor withdraws it. Backup withholding helps agencies such as the IRS to be able to collect income taxes owed to them from investors' earnings. Most likely, if you are subject to backup withholding, you would have been previously notified by the applicable taxing authority.
+ How Is This Offering Of Securities Regulated?
Tasty Equity’s securities offering is being made under “Regulation A+” which is Title IV of the 2012 JOBS Act. Our offering had to be submitted to the Securities and Exchange Commission and qualified by them before we could offer any units for sale. The offering is regulated by federal and state securities laws. The legal work in preparing the offering circular and the offering itself was carried out by attorney Kendall Almerico and his law firm. The audit of Tasty Equity's financial records was carried out by Clark, Schaeffer, Hackett CPA's and Advisor, and these records are the basis for the financial information contained in the offering circular.
+ I Have Another Question – Who Can I Talk To?
Drop us a line to contact@tastyequity.com and we will be happy to answer any questions you may have!
