Private Placement Memorandum.

For those who don’t know, a private placement is a formal securities offering that enables you to sell shares in your movie to investors. So-called “Exempt Offerings” or “Regulation D Offerings” enable you to do that without having to register your offering with the SEC (Securities & Exchange Commission) or state regulators for so long as you adhere to some self-imposed limitations and market your offering exclusively to investors that meet certain wealth and sophistication standards. The so-called private placement memorandum spells out the nuts and bolts of your project, along with clearly defined offering terms to purchase shares in your project.