Summary of the Offering
The following material is intended to summarize information contained elsewhere in this Limited Offering Memorandum (the “Memorandum”). This summary is qualified in its entirety by express reference to this Memorandum and the materials referred to and contained herein. Each prospective subscriber should carefully review the entire Memorandum and all materials referred to herein and conduct his or her own due diligence before subscribing for Common Stock Shares.
MKG ENTERPRISES CORP
Leading mobile tax refund tech company Software-as-a-Service.
MKG Tax Consultants provides income tax preparation, bank products services by providing no up front tax preparation fee’s. Software-as-a-Service (SaaS) solution for Tax Preparers, Finance Agents, Banks, Finance Lenders/Brokers. MKG Enterprises Corp is a California licensed finance company offering alternative financial and banking solutions. MKG Tax Refund provides high volume tax business software and a patent pending proprietary tax preparer mobile app.
Our type of business activities that primarily generate are:
The Company is in the business of being a income tax preparation software provider and distributor of PrePaid Visa CashPass Debit Cards offered by Metropolitan Commercial Bank, Auto Equity Title Loans, providing income tax preparation, Tax Refund advances, auto, home, life and health insurance services. However the income tax industry represents over 95% of our total revenue during the year ended 12/31/2017
“MKG Tax Refund” is considered one of the most innovative mobile app platform in the tax industry.” combining mobile payments, tax preparation and tax refund together. As a leading tax preparation technology company, and we continue to grow our share in tax refund loan products — we are able to leverage our financial products to become the fastest growing tax refund software provider in the US market.”
The tax industry is a seasonal business as more consumers rely on using their mobile phone devices nowadays Americans Check Their Phones 8 Billion Times a Day.
Mobile payment apps have been around for years, but companies like Apple, Google, and Samsung have all launched new tap-to-pay services in the 2014-2015 timeframe. “We’re seeing a perfect storm of technology in the mobile device, tax industry technology in the open market, and do-it-yourself tax preparation web based and IRS free file applications being put into
the retail tax industry environment.
The vast majority of Americans – 95% – now own a cellphone of some kind. The share of Americans that own smartphones is now 77%, up from just 35%
MKG Tax Refund is a alternative banking mobile finance and tax preparation processor (P2P) Peer-To-Peer lending app accessible to 95% of American who electronically file their taxes.
We generated this revenue from two principal products:
Our tax preparation revenue was a rapidly growing area of our business, with growth in the year ended 12/31/2013 of 27.27% as compared to the same period in the prior year. This recent growth was largely driven by repeat business and brick and mortar office being open year round and visibly located in a metropolitan residential neighborhood. In contrast, our revenue from income tax preparation dropped in the year ended 12/31/2016, at (-21.47%) as compared to the same period in the prior year. This decrease was largely driven by relocation of our customer base and rapidly expanding and overstaffing reducing our focus on providing excellent customer service.
We generate revenue by providing tax preparation profits year over year revenue as well as educating our clients on how to reduce their tax liability and adjust the withholding from their individual paychecks. MKG Tax Consultants has achieved loyal clients that seek our professional service. Success is measured by our clients choosing us because of their belief in our ability to meet or exceed their expectations of price, service, and expertise.
We also engage in insurance and financial services. The Company is also developing innovative packages nearing beta test stage, which can be expected to produce revenue before the end of the financing period. The Company is also gearing up for introduction of its products into US markets.
MKG Tax Consultants has assisted thousands of tax clients and is experienced in supporting customer’s financial needs and providing free tax education and health insurance resources in the community. The firm offers tax preparation to individual taxpayers as well as to small business clients. The client has choices in tax preparation; health insurance, auto, and property and casualty insurance enrollment center however we stand out as an affordable solution that incorporates certified industry knowledge, a professional and courteous staff and an invaluable guarantee.
To be an accredited investor, an individual must have had earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years and “reasonably expects the same for the current year,” according to the SEC. https://www.sec.gov/answers/accred.htm
Alternatively, the individual must have a net worth of more than $1 million, either alone or together with a spouse, not including the value of their primary residence.
How much can I invest?
Investors can invest up to 10% of their annual income or net worth, whichever is greater. Investors with an annual income or net worth of less than $100,000 can invest up to 5% of that amount.
Where can I see the SEC filings?
The SEC Offering Statements can be found on the U.S. Securities and Exchange Commission website. Go to the MKG Enterprises Corp. SEC Form D Filing web page for a quick reference to these documents.
Create a meeting request to discuss this investment opportunity. This link will allow you to create an appointment to schedule a 15-30 minute call. Actual call duration may vary depending on your needs. https://mkgenterprises.simplybook.me
You can also view further information on MKG Enterprises Corp. Form D filed March 14, 2017 ET
Primary Industry: Other Banking and Financial Services
Who is raising money
Find The Company
The following submission has been accepted by the U.S SECURITY AND EXCHANGE COMMISSION Company File Number(s) 021-282471
The inspiration that launched our Regulation D 506 (c) “safe harbor”
Website: MKG Enterprises Corp Investors
The Jumpstart Our Business Startups Act, or JOBS Act, is a law intended to encourage funding of small businesses in the United States by easing many of the country’s securities regulations. It passed with bipartisan support and was signed into law by President Barack Obama on April 5, 2012.
The information contained herein is general in nature, is not legal advice, and should not be treated as such. You must not rely on the information here as an alternative to legal advice from your attorney or other professional legal services provider.
Name of Offeree: Investors PPM Number: 5816-01
CONFIDENTIAL PRIVATE OFFERING MEMORANDUM
MKG Enterprises Corp.
Maximum Common Stock Shares Offered:
Minimum Common Stock Shares Offered:
Price Per Share:
$10,000.00 (62,500 Shares)
MKG Enterprises Corp. (the “Company” a California “C” Corporation, is offering a minimum of 62,500 and a maximum of 31,250,000 Common Stock Shares for $0.16 per share. The offering price per share has been arbitrarily determined by the Company
See Risk Factors: Offering Price.
THESE ARE SPECULATIVE SECURITIES WHICH INVOLVE A HIGH DEGREE OF RISK. ONLY THOSE INVESTORS WHO CAN BEAR THE LOSS OF THEIR ENTIRE INVESTMENT SHOULD INVEST IN THESE SHARES.
THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), THE SECURITIES LAWS OF THE STATE OF CALIFORNIA, OR UNDER THE SECURITIES LAWS OF ANY OTHER STATE OR JURISDICTION IN RELIANCE UPON THE EXEMPTIONS FROM REGISTRATION PROVIDED BY THE ACT AND REGULATION D RULE 506 PROMULGATED THEREUNDER, AND THE COMPARABLE EXEMPTIONS FROM REGISTRATION PROVIDED BY OTHER APPLICABLE SECURITIES LAWS.
The Date of this Memorandum is May 16, 2018
The Company reserves the right to waive the 1,875 Share minimum subscription for any investor. The Offering is not underwritten. The Shares are offered on a “best efforts” basis by the Company through its officers and directors. The Company has set a minimum offering amount of 62,500 Shares with minimum gross proceeds of $10,000 for this Offering. All proceeds from the sale of Shares up to $5,000,000 will be deposited in an escrow account. Upon the sale of 31,250,000 Shares, all proceeds will be delivered directly to the Company’s corporate account and be available for use by the Company at its discretion.
Shares may also be sold by FINRA member brokers or dealers who enter into a Participating Dealer Agreement with the Company, who will receive commissions of up to 10% of the price of the Shares sold. The Company reserves the right to pay expenses related to this Offering from the proceeds of the Offering. See “PLAN OF PLACEMENT and USE OF PROCEEDS” section.
The Offering will terminate on the earliest of: (a) the date the Company, in its discretion, elects to terminate, or (b) the date upon which all Shares have been sold, or (c) December 31, 2023, or such date as may be extended from time to time by the Company, but not later than 180 days thereafter (the “Offering Period”.)
THIS OFFERING IS NOT UNDERWRITTEN. THE OFFERING PRICE HAS BEEN ARBITRARILY SET BY THE MANAGEMENT OF THE COMPANY. THERE CAN BE NO ASSURANCE THAT ANY OF THE SECURITIES WILL BE SOLD.
THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES AGENCY, NOR HAS ANY SUCH REGULATORY BODY REVIEWED THIS OFFERING MEMORANDUM FOR ACCURACY OR COMPLETENESS. BECAUSE THESE SECURITIES HAVE NOT BEEN SO REGISTERED, THERE MAY BE RESTRICTIONS ON THEIR TRANSFERABILITY OR RESALE BY AN INVESTOR. EACH PROSPECTIVE INVESTOR SHOULD PROCEED ON THE ASSUMPTION THAT HE MUST BEAR THE ECONOMIC RISKS OF THE INVESTMENT FOR AN INDEFINITE PERIOD, SINCE THE SECURITIES MAY NOT BE SOLD UNLESS, AMONG OTHER THINGS, THEY ARE SUBSEQUENTLY REGISTERED UNDER THE APPLICABLE SECURITIES ACTS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THERE IS NO TRADING MARKET FOR THE COMPANY’S COMMON STOCK SHARES AND THERE CAN BE NO ASSURANCE THAT ANY MARKET WILL DEVELOP IN THE FUTURE OR THAT THE SHARES WILL BE ACCEPTED FOR INCLUSION ON NASDAQ OR ANY OTHER TRADING EXCHANGE AT ANY TIME IN THE FUTURE. THE COMPANY IS NOT OBLIGATED TO REGISTER FOR SALE UNDER EITHER FEDERAL OR STATE SECURITIES LAWS THE SHARES PURCHASED PURSUANT HERETO, AND THE ISSUANCE OF THE SHARES IS BEING UNDERTAKEN PURSUANT TO RULE 506 OF REGULATION D UNDER THE SECURITIES ACT. ACCORDINGLY, THE SALE, TRANSFER, OR OTHER DISPOSITION OF ANY OF THE SHARES, WHICH ARE PURCHASED PURSUANT HERETO, MAY BE RESTRICTED BY APPLICABLE FEDERAL OR STATE SECURITIES LAWS (DEPENDING ON THE RESIDENCY OF THE INVESTOR) AND BY THE PROVISIONS OF THE SUBSCRIPTION AGREEMENT REFERRED TO HEREIN. THE OFFERING PRICE OF THE SECURITIES TO WHICH THE CONFIDENTIAL TERM SHEET RELATES HAS BEEN ARBITRARILY ESTABLISHED BY THE COMPANY AND DOES NOT NECESSARILY BEAR ANY SPECIFIC RELATION TO THE ASSETS, BOOK VALUE OR POTENTIAL EARNINGS OF THE COMPANY OR ANY OTHER RECOGNIZED CRITERIA OF VALUE.
No person is authorized to give any information or make any representation not contained in the Memorandum and any information or representation not contained herein must not be relied upon. Nothing in this Memorandum should be construed as legal or tax advice.
The Management of the Company has provided all of the information stated herein. The Company makes no express or implied representation or warranty as to the completeness of this information or, in the case of projections, estimates, future plans, or forward looking assumptions or statements, as to their attainability or the accuracy and completeness of the assumptions from which they are derived, and it is expected that each prospective investor will pursue his, her, or its own independent investigation. It must be recognized that estimates of the Company’s performance are necessarily subject to a high degree of uncertainty and may vary materially from actual results.
No general solicitation or advertising in whatever form will or may be employed in the offering of the securities, except for this Memorandum (including any amendments and supplements hereto), the exhibits hereto and documents summarized herein, or as provided for under Regulation D of the Securities Act of 1933. Other than the Company’s Management, no one has been authorized to give any information or to make any representation with respect to the Company or the Shares that is not contained in this Memorandum. Prospective investors should not rely on any information not contained in this Memorandum.
This Memorandum does not constitute an offer to sell or a solicitation of an offer to buy to anyone in any jurisdiction in which such offer or solicitation would be unlawful or is not authorized or in which the person making such offer or solicitation is not qualified to do so. This Memorandum does not constitute an offer if the prospective investor is not qualified under applicable securities laws.
This offering is made subject to withdrawal, cancellation, or modification by the Company without notice and solely at the Company’s discretion. The Company reserves the right to reject any subscription or to allot to any prospective investor less than the number of Shares subscribed for by such prospective investor.
This Memorandum has been prepared solely for the information of the person to whom it has been delivered by or on behalf of the Company. Distribution of this Memorandum to any person other than the prospective investor to whom this Memorandum is delivered by the Company and those persons retained to advise them with respect thereto is unauthorized. Any reproduction of this Memorandum, in whole or in part, or the divulgence of any of the contents without the prior written consent of the Company is strictly prohibited. Each prospective investor, by accepting delivery of this Memorandum, agrees to return it and all other documents received by them to the Company if the prospective investor’s subscription is not accepted or if the Offering is terminated.
By acceptance of this Memorandum, prospective investors recognize and accept the need to conduct their own thorough investigation and due diligence before considering a purchase of the Shares. The contents of this Memorandum should not be considered to be investment, tax, or legal advice and each prospective investor should consult with their own counsel and advisors as to all matters concerning an investment in this Offering.
MINIMUM FINANCIAL SUITABILITY REQUIREMENTS IN ORDER TO PURCHASE SHARES:
(1) A NET WORTH (EXCLUSIVE OF HOME, FURNISHINGS AND AUTOMOBILES) OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000); AND
(2) THE PURCHASE PRICE OF SHARES SUBSCRIBED FOR MAY NOT EXCEED TWENTY PERCENT (20%) OF THE NET WORTH OF THE SUBSCRIBER; AND
(3) “TAXABLE INCOME” AS DEFINED IN SECTION 63 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, DURING THE LAST TAX YEAR AND ESTIMATED “TAXABLE INCOME” DURING THE CURRENT TAX YEAR SUBJECT TO A FEDERAL INCOME TAX RATE OF NOT LESS THAN THIRTY-THREE PERCENT (33%).
IN ORDER TO VERIFY THE FOREGOING, ALL SUBSCRIBERS WHO ARE WYOMING RESIDENTS WILL BE REQUIRED TO REPRESENT IN THE SUBSCRIPTION AGREEMENT THAT THEY MEET THESE WYOMING SPECIAL INVESTOR SUITABILITY REQUIREMENTS.
During the course of the Offering and prior to any sale, each offeree of the Shares and his or her professional advisor(s), if any, are invited to ask questions concerning the terms and conditions of the Offering and to obtain any additional information necessary to verify the accuracy of the information set forth herein. Such information will be provided to the extent the Company possess such information or can acquire it without unreasonable effort or expense.
EACH PROSPECTIVE INVESTOR WILL BE GIVEN AN OPPORTUNITY TO ASK QUESTIONS OF, AND RECEIVE ANSWERS FROM, MANAGEMENT OF THE COMPANY CONCERNING THE TERMS AND CONDITIONS OF THIS OFFERING AND TO OBTAIN ANY ADDITIONAL INFORMATION, TO THE EXTENT THE COMPANY POSSESSES SUCH INFORMATION OR CAN ACQUIRE IT WITHOUT UNREASONABLE EFFORTS OR EXPENSE, NECESSARY TO VERIFY THE ACCURACY OF THE INFORMATION CONTAINED IN THIS MEMORANDUM. IF YOU HAVE ANY QUESTIONS WHATSOEVER REGARDING THIS OFFERING, OR DESIRE ANY ADDITIONAL INFORMATION OR DOCUMENTS TO VERIFY OR SUPPLEMENT THE INFORMATION CONTAINED IN THIS MEMORANDUM, PLEASE WRITE OR CALL MKG ENTERPRISES CORP AT THE ADDRESS AND NUMBER LISTED ON THE FRONT OF THIS PRIVATE OFFERING MEMORANDUM.